Investing.com - The British Pound was lower against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production.
GBP/JPY was trading at 129.53, down 0.21% at time of writing.
The pair was likely to find support at 128.23, Monday’s low, and resistance at 129.96, Tuesday’s high.
Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 5.7% last month from 1.6% in the preceding month.
Analysts had expected industrial production to rise 5.5% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.07% to hit 1.5989 and EUR/GBP falling 0.04% to hit 0.8978.
GBP/JPY was trading at 129.53, down 0.21% at time of writing.
The pair was likely to find support at 128.23, Monday’s low, and resistance at 129.96, Tuesday’s high.
Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 5.7% last month from 1.6% in the preceding month.
Analysts had expected industrial production to rise 5.5% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.07% to hit 1.5989 and EUR/GBP falling 0.04% to hit 0.8978.