Investing.com - The British Pound was lower against the Japanese Yen on Wednesday after the release of U.S. data on Durable Goods Orders.
GBP/JPY was trading at 131.06, down 0.16% at time of writing.
The pair was likely to find support at 130.21, Monday’s low, and resistance at 131.80, Friday’s high.
Earlier in the day, official data showed that durable goods orders in the U.S. fell more-than-expected to a seasonally adjusted -4.2% last month, from 1.9% in the preceding month whose figure was revised down from 2.4%.
Analysts had expected durable goods orders to fall -1.7% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.13% to hit 1.6123 and EUR/GBP rising 0.29% to hit 0.8198.
GBP/JPY was trading at 131.06, down 0.16% at time of writing.
The pair was likely to find support at 130.21, Monday’s low, and resistance at 131.80, Friday’s high.
Earlier in the day, official data showed that durable goods orders in the U.S. fell more-than-expected to a seasonally adjusted -4.2% last month, from 1.9% in the preceding month whose figure was revised down from 2.4%.
Analysts had expected durable goods orders to fall -1.7% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.13% to hit 1.6123 and EUR/GBP rising 0.29% to hit 0.8198.