The pound managed to shrug off weaker-than-expected UK retail sales data, and rose to a daily high of 123.56 against the yen during the NY session, having bounced from a low of 122.91. At time of writing, GBP/JPY is trading at the 123.45 zone, up 0.1% on the day.
As for technical levels, above 123.60 next resistances could be faced at 123.90 and 124.25. Meanwhile, supports are seen at 123.20, 122.90 and 122.50.






