Investing.com - The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on New Home Sales.
USD/JPY was trading at 80.88, down 0.11% at time of writing.
The pair was likely to find support at 79.16, Thursday’s low, and resistance at 82.00, Thursday’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell unexpectedly to a seasonally adjusted annual rate of 250.00K last month from 301.00K in the preceding month whose figure was revised up from 284.00K.
Analysts had expected new home sales to rise to 288.00K last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.69% to hit 1.4099 and GBP/USD falling 0.77% to hit 1.6240.
USD/JPY was trading at 80.88, down 0.11% at time of writing.
The pair was likely to find support at 79.16, Thursday’s low, and resistance at 82.00, Thursday’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell unexpectedly to a seasonally adjusted annual rate of 250.00K last month from 301.00K in the preceding month whose figure was revised up from 284.00K.
Analysts had expected new home sales to rise to 288.00K last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.69% to hit 1.4099 and GBP/USD falling 0.77% to hit 1.6240.