Forex - GBP/JPY up on U.S. data

Forex News - The British Pound was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/JPY was trading at 119.86, up 1.16% at time of writing.

The pair was likely to find support at 116.99, Thursday’s low, and resistance at 120.25, Monday’s high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from 0K.

Analysts had expected U.S. non-farm payrolls to rise 53K last month.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 1.16% to hit 1.5624 and EUR/GBP falling 0.64% to hit 0.8644.