Forex - USD/JPY up toward the end of U.S. session

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Forex Pros - The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on Pending Home Sales.


USD/JPY was trading at 81.78, up 0.12% at time of writing.


The pair was likely to find support at 81.62, today's low, and resistance at 82.89, Wednesday's high.


Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -2.80% last month from -3.20% in the preceding month whose figure was revised down from 2.00%.


Analysts had expected Pending home sales to fall to -2.50% last month.


Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.34% to hit 1.3800 and GBP/USD rising 0.87% to hit 1.6258.





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