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

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on Industrial Production.

USD/JPY was trading at 80.96, up 0.59% at time of writing.

The pair was likely to find support at 79.97, Friday’s low, and resistance at 81.06, today’s high.

Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% last month, from 0.0% in the preceding month.

Analysts had expected U.S. industrial production to rise 0.2% last month.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.80% to hit 1.4182 and GBP/USD falling 1.08% to hit 1.6195.

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