Forex - USD/JPY up on economic data

Forex Pros – pros - The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.

USD/JPY was trading at 80.68, up 0.14% at time of writing.

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

Earlier in the day, official data showed that Tokyo’s core consumer price inflation remained unchanged unexpectedly at at annualized rate of 0.1% last month from 0.1% in the preceding month.

Analysts had expected Tokyo’s core CPI to rise to 0.2% last month.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.17% to hit 1.4478 and GBP/USD falling 0.20% to hit 1.6022.




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