Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Federal Budget Balance.
USD/JPY was trading at 80.33, down 0.04% at time of writing.
The pair was likely to find support at 79.70, Wednesday’s low, and resistance at 80.46, Thursday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -57.6B last month from -40.4B in the preceding month whose figure was revised up from -40.5B.
Analysts had expected U.S. federal budget balance to fall to -125.0B last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.11% to hit 1.4348 and GBP/USD falling 0.84% to hit 1.6227.
ForexPros.com - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News.
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The pair was likely to find support at 79.70, Wednesday’s low, and resistance at 80.46, Thursday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -57.6B last month from -40.4B in the preceding month whose figure was revised up from -40.5B.
Analysts had expected U.S. federal budget balance to fall to -125.0B last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.11% to hit 1.4348 and GBP/USD falling 0.84% to hit 1.6227.
ForexPros.com - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News.
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