Forex - GBP/JPY up during the Asian session

Forex Pros – The British Pound was higher against the Japanese Yen on Tuesday after the release of Japanese data on Industrial Production.

GBP/JPY was trading at 133.52, up 0.13% at time of writing.

The pair was likely to find support at 132.65, Thursday’s low, and resistance at 133.80, Thursday’s high.

Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 1.0% last month from -15.5% in the preceding month.

Analysts had expected industrial production to rise 2.2% last month.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.27% to hit 1.6520 and EUR/GBP rising 0.37% to hit 0.8702.

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