Investing.com - The U.S. dollar was slightly up against the yen on Monday, hovering around the 90 mark, after the release of upbeat data on Japan's GDP and China's surprise hike in the level of required reserves for banks.
USD/JPY hit 90 during European morning trade, gaining 0.06%. The pair was likely to find resistance at 91.27, the high of Feb. 3, and support at 88.55, the low of Feb. 4.
However, the yen strengthened against the euro and pound: EUR/JPY shed 0.14% to hit 122.45 and GBP/JPY slipped 0.16% to hit 141.02.
Earlier Monday, Japan said its economy expanded 1.1% in the fourth quarter, faster than expected, but revised downward the GDP figure for the previous quarter from 0.3% to zero.
China, meanwhile, raised the level of reserves banks must hold for the second time this year on Friday, spooking financial markets on the eve of its New Year holiday by showing it was intent to curb lending and inflation.