Forex - USD/JPY up on economic data, earnings

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 79.12, up 0.16% at time of writing.

The pair was likely to find support at 78.47, today’s low, and resistance at 80.83, Monday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 405K last week from 427K in the preceding week whose figure was revised up from 418K.

Analysts had expected Initial Jobless Claims to fall to 410K last week.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.16% to hit 1.4140 and GBP/USD rising 0.22% to hit 1.6139.

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