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

Forex Pros – pros - The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Pending Home Sales.

USD/JPY was trading at 80.82, down 0.38% at time of writing.

The pair was likely to find support at 80.13, Friday’s low, and resistance at 81.27, Tuesday’s high.

Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally adjusted 8.2% last month from -11.3% in the preceding month whose figure was revised up from -11.6%.

Analysts had expected Pending home sales to rise to 2.4% last month.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.45% to hit 1.4435 and GBP/USD rising 0.41% to hit 1.6065.

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