Forexpros – The British Pound was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/JPY was trading at 120.75, down 0.78% at time of writing.
The pair was likely to find support at 119.17, Monday’s low, and resistance at 122.36, Wednesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from 401K.
Analysts had expected Initial Jobless Claims to rise to 406K last week.
Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.21% to hit 1.5718 and EUR/GBP falling 0.42% to hit 0.8719.
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