Please try another search
Investing.com - The U.S. dollar was steady against the yen on Friday, hovering close to two-and-a-half week highs after data showed that inflation slowed in Japan last month and as Thurday's upbeat jobless claims data continued to support demand for the greenback.
USD/JPY hit 101.72 during late Asian trade, the session low; the pair subsequently consolidated at 101.75, easing 0.05%.
The pair was likely to find support at 101.42, Thursday's low and resistance at 102.20, the high of July 7.
Official data showed that Japan's consumer price inflation rose 3.6% in June from a year earlier, after a 3.7% gain the previous month.
Excluding fresh food, Japan CPI rose 3.3% in June from a year earlier, in line with expectations, after a 3.4% increase in May.
Meanwhile, the dollar remained supported after data on Thursday showed that U.S. jobless claims fell to the lowest level in more than eight years last week.
The U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending July 19 declined by 19,000 to 284,000, from the previous week’s total of 303,000.
Analysts had expected jobless claims to rise by 5,000 to 308,000 last week.
The data fuelled speculation over the timing of a possible rate hike by the Federal Reserve.
The yen was little changed against the euro, with EUR/JPY inching up 0.01% to 137.08.
Later in the day, the U.S. was to release data on durable goods orders.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.