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Forex - USD/JPY up toward the end of European session

Published 09/16/2011, 11:40 AM
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Investing.com - The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

USD/JPY was trading at 76.89, up 0.24% at time of writing.

The pair was likely to find support at 76.56, Thursday’s low, and resistance at 77.59, Monday’s high.

Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding month.

Analysts had expected UoM consumer sentiment to rise to 56.0 last month.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.70% to hit 1.3780 and GBP/USD falling 0.001% to hit 1.5800.

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