Investing.com - The dollar slipped lower against the yen on Friday, after the release of upbeat economic reports from Japan and as mounting concerns over Greek debt talks supported safe-haven demand.
USD/JPY hit 123.22 during late Asian trade, the pair's lowest since June 22; the pair subsequently consolidated at 123.46, edging down 0.14%.
The pair was likely to find support at 122.54, the low of June 22 and resistance at 123.97, Thursday's high.
Official data earlier showed that Japan's household spending rose 2.4% last month, exceeding expectations for a 2.2% gain, after a 5.5% drop in April.
A separate report showed that Japan's consumer price index increased by an annualized rate of 0.5% in May, more than the expected 0.4% uptick, after an increase of 0.6% the previous month.
Meanwhile, market sentiment remained under pressure as negotiations between Greece and its creditors broke down once again on Thursday.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
If Greece misses the payment it risks going into default, which could trigger the country’s exit from the euro area.
The yen was also higher against the euro, with EUR/JPY shedding 0.22% to 138.22.