Investing.com - The U.S. dollar edged lower against the yen on Friday, after the release of mixed economic reports from Japan, while Thursday's downbeat U.S. economic growth data continued to weigh.
USD/JPY hit 101.51 during late Asian trade, the session low; the pair subsequently consolidated at 101.62, slipping 0.17%.
The pair was likely to find support at 101.19, the low of May 20 and resistance at 102.14, the high of May 27.
Official data earlier showed that household spending in Japan fell by an annualized rate of 4.6% in April, compared to expectations for a 3.2% decline, after a 7.2% increase the previous month.
Data also showed that Japan's core consumer price inflation, which excludes fresh food, rose at an annual rate of 3.2% this month, more than the expected 3.1% gain, after a 1.3% increase in April.
Separately, in a preliminary report, government data showed that industrial production in Japan dropped 2.5% last month, more than the expected 2% decline, after a 0.7% slip in March.
Meanwhile, sentiment on the greenack remained vulnerable after the Bureau of Economic Analysis on Thursday said U.S. gross domestic product contracted 1.0% in the first quarter, after the preliminary estimate showed growth of 0.1%. Market expectations had been for a 0.5% contraction. It was the first decline in U.S. GDP since the first quarter of 2011.
Losses were limited however as the Department of Labor said in a separate report that the number of people who filed for unemployment assistance in the U.S. last week fell by 27,000 to 300,000, compared to expectations for a decline of 9,000.
The yen was higher against the euro, with EUR/JPY edging down 0.12% to 138.28.
Later in the day, the U.S. was to release a report on personal income and expenditure, as well as revised data from the University of Michigan on consumer sentiment.