Investing.com – The U.S. dollar trimmed losses against the yen on Thursday, retreating from the daily low after data painted a mixed picture of the U.S. economic recovery.
USD/JPY retreated from 83.95, the daily low to hit 84.22 during European afternoon trade, shedding 0.02%.
The pair was likely to find support at 83.59, Wednesday’s low and resistance at 84.50, Wednesday’s high.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell unexpectedly to 420,000. Analysts had expected initial jobless claims to rise to 425,000.
A separate report showed that the number of building permits issued in the U.S. fell unexpectedly in November, declining to 0.53 million, defying expectations of a rise to 0.57 million.
The report also said that U.S. housing starts rose more-than-expected in November, increasing to 0.56 million.
Meanwhile, the U.S. dollar was down against the euro, with EUR/USD gaining 0.18% to hit 1.3237.
Later Thursday, the U.S. was to release official data on manufacturing activity in Philadelphia.
USD/JPY retreated from 83.95, the daily low to hit 84.22 during European afternoon trade, shedding 0.02%.
The pair was likely to find support at 83.59, Wednesday’s low and resistance at 84.50, Wednesday’s high.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell unexpectedly to 420,000. Analysts had expected initial jobless claims to rise to 425,000.
A separate report showed that the number of building permits issued in the U.S. fell unexpectedly in November, declining to 0.53 million, defying expectations of a rise to 0.57 million.
The report also said that U.S. housing starts rose more-than-expected in November, increasing to 0.56 million.
Meanwhile, the U.S. dollar was down against the euro, with EUR/USD gaining 0.18% to hit 1.3237.
Later Thursday, the U.S. was to release official data on manufacturing activity in Philadelphia.