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

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Forex Pros - The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on CB Consumer Confidence.


USD/JPY was trading at 82.74, down 0.48% at time of writing.


The pair was likely to find support at 82.58, today's low, and resistance at 83.75, Thursday's high.


Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 70.40 last month from 64.80 in the preceding month whose figure was revised up from 60.60.


Analysts had expected CB consumer confidence to rise to 65.10 last month.


Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.15% to hit 1.3657 and GBP/USD falling 0.55% to hit 1.6137.





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