Forex - USD/JPY down during Asian trade

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on GDP.

USD/JPY was trading at 81.55, down 0.15% at time of writing.

The pair was likely to find support at 80.64, Monday’s low, and resistance at 81.81, Wednesday’s high.

Earlier in the day, preliminary official data showed that Japanese gross domestic product fell more-than-expected to a seasonally adjusted -0.9% in the last quarter from -0.3% in the preceding quarter.

Analysts had expected Japan’s GDP to fall -0.5% in the last quarter.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.31% to hit 1.4293 and GBP/USD rising 0.09% to hit 1.6182.




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