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Japan Large Retailer's Sales down to -2.3% in Apr from 2.5%

GBP/JPY able to claw back some losses, resistance at 154.50 still in focus

The Sterling/Yen closed moderately higher, trading all the way up to 154.63 at one point during the day and finishing the New York session up 100 pips at 153.73. Economic data in the upcoming session which may influence the pair will be JPY Retail Sales (due out at 23:50GMT).
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Japan Apr Retail Trade (YoY) increase to -0.1% vs -0.3%

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