The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on GDP.
USD/JPY was trading at 80.47, down 0.67% at time of writing.
The pair was likely to find support at 80.42, Monday’s low, and resistance at 81.98, Wednesday’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose in line with expectations to a seasonally adjusted annual rate of 2.00% in the last quarter from 1.70% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.00% in the last quarter.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.22% to hit 1.3900 and GBP/USD rising 0.54% to hit 1.6032.
USD/JPY was trading at 80.47, down 0.67% at time of writing.
The pair was likely to find support at 80.42, Monday’s low, and resistance at 81.98, Wednesday’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose in line with expectations to a seasonally adjusted annual rate of 2.00% in the last quarter from 1.70% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.00% in the last quarter.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.22% to hit 1.3900 and GBP/USD rising 0.54% to hit 1.6032.