Forexpros — 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 125.06, down 0.02% at time of writing.
The pair was likely to find support at 124.51, Friday’s low, and resistance at 126.58, Monday’s high.
Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 0.6% last month from 3.8% in the preceding month.
Analysts had expected industrial production to rise 1.6% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.06% to hit 1.6309 and EUR/GBP falling 0.19% to hit 0.8843.
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