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 Thursday after the release of U.S. data on Chicago PMI.

USD/JPY was trading at 80.56, down 0.27% at time of writing.

The pair was likely to find support at 80.27, today’s low, and resistance at 81.27, Tuesday’s high.

Earlier in the day, data showed that The U.S.’s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 last month from 56.6 in the preceding month.

Analysts had expected the Chicago PMI to fall to 54.0 last month.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.46% to hit 1.4502 and GBP/USD falling 0.10% to hit 1.6047.

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