Investing.com - The British Pound was higher against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production.
GBP/JPY was trading at 121.65, up 0.08% at time of writing.
The pair was likely to find support at 119.39, Friday’s low, and resistance at 121.89, today’s high.
Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 2.4% last month from -3.3% in the preceding month.
Analysts had expected industrial production to rise 1.1% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.10% to hit 1.5613 and EUR/GBP rising 0.15% to hit 0.8549.
GBP/JPY was trading at 121.65, up 0.08% at time of writing.
The pair was likely to find support at 119.39, Friday’s low, and resistance at 121.89, today’s high.
Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 2.4% last month from -3.3% in the preceding month.
Analysts had expected industrial production to rise 1.1% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.10% to hit 1.5613 and EUR/GBP rising 0.15% to hit 0.8549.