Investing.com – The U.S. dollar inched higher against the yen on Tuesday, as market sentiment remained brittle ahead of a vote by Slovakia on expanding the powers of the euro zone’s bailout fund later in the day.
USD/JPY hit 76.76 during late Asian trade, the daily high; the pair subsequently consolidated at 76.72, inching up 0.07%.
The pair was likely to find short-term support at 76.33, the low of September 28 and resistance at 77.07, the high of October 5.
Investors remained cautious ahead of what was to be the last vote on expanding the powers of the euro zone's EUR440 billion bailout fund, the European Financial Stability Facility.
Meanwhile, officials from the European Union, the International Monetary Fund and the European Central Bank were due to complete their review on Greece later in the day, clearing the way for Athens to receive its next tranche of financial aid.
Risk appetite was boosted on Monday, after European Union leaders pledged action on the euro zone debt crisis before the end of the month, including measures to recapitalize European banks.
The yen was almost unchanged against the euro, with EUR/JPY edging up 0.01% to hit 104.60.
Also Tuesday, official data showed that Japan’s current-account surplus fell to JPY407.5 billion in August, a drop of 64.3% year-on-year. Analysts had been expecting a surplus of JPY446.9 billion.
USD/JPY hit 76.76 during late Asian trade, the daily high; the pair subsequently consolidated at 76.72, inching up 0.07%.
The pair was likely to find short-term support at 76.33, the low of September 28 and resistance at 77.07, the high of October 5.
Investors remained cautious ahead of what was to be the last vote on expanding the powers of the euro zone's EUR440 billion bailout fund, the European Financial Stability Facility.
Meanwhile, officials from the European Union, the International Monetary Fund and the European Central Bank were due to complete their review on Greece later in the day, clearing the way for Athens to receive its next tranche of financial aid.
Risk appetite was boosted on Monday, after European Union leaders pledged action on the euro zone debt crisis before the end of the month, including measures to recapitalize European banks.
The yen was almost unchanged against the euro, with EUR/JPY edging up 0.01% to hit 104.60.
Also Tuesday, official data showed that Japan’s current-account surplus fell to JPY407.5 billion in August, a drop of 64.3% year-on-year. Analysts had been expecting a surplus of JPY446.9 billion.