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

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Existing Home Sales.

USD/JPY was trading at 80.23, down 0.03% at time of writing.

The pair was likely to find support at 80.01, Friday’s low, and resistance at 81.03, Thursday’s high.

Earlier in the day, industry data showed that existing home sales fell less-than-expected to a seasonally adjusted annual rate of 4.81M last month from 5.00M in the preceding month whose figure was revised down from 5.05M.

Analysts had expected existing home sales to fall to 4.78M last month.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.73% to hit 1.4409 and GBP/USD rising 0.25% to hit 1.6243.

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