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

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on Core Retail Sales.

USD/JPY was trading at 80.45, up 0.26% at time of writing.

The pair was likely to find support at 79.84, Thursday’s low, and resistance at 80.69, Monday’s high.

Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% last month from 0.5% in the preceding month whose figure was revised down from 0.6%.

Analysts had expected U.S. core retail sales to rise 0.2% last month.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.22% to hit 1.4444 and GBP/USD rising 0.001% to hit 1.6374.

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