Forexpros – The British Pound was lower against the Japanese Yen on Monday after the release of Japanese data on Tertiary Industry Activity Index.
GBP/JPY was trading at 122.80, down 0.33% at time of writing.
The pair was likely to find support at 122.38, Friday’s low, and resistance at 124.39, Thursday’s high.
Earlier in the day, official data showed that Japan’s tertiary industry activity index fell unexpectedly to a seasonally adjusted -0.1% last month from 1.9% in the preceding month.
Analysts had expected Japanese tertiary industry activity index to rise 0.3% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.21% to hit 1.5848 and EUR/GBP falling 0.33% to hit 0.8570.
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