Investing.com - The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on New Home Sales.
USD/JPY was trading at 77.98, down 0.38% at time of writing.
The pair was likely to find support at 77.90, today’s low, and resistance at 79.02, 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 312K last month from 315K in the preceding month whose figure was revised down from 319K.
Analysts had expected new home sales to rise to 320K last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.89% to hit 1.4505 and GBP/USD rising 0.73% to hit 1.6395.
USD/JPY was trading at 77.98, down 0.38% at time of writing.
The pair was likely to find support at 77.90, today’s low, and resistance at 79.02, 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 312K last month from 315K in the preceding month whose figure was revised down from 319K.
Analysts had expected new home sales to rise to 320K last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.89% to hit 1.4505 and GBP/USD rising 0.73% to hit 1.6395.