Investing.com - The yen held steady in early Asia on Friday in a major data day and with the Bank of Japan slated to give details on its latest monetary policy review.
USD/JPY changed hands at 118.79, flat. AUD/USD traded at 0.7079, down 0.06%.
In Japan, household spending for December is due with a month-on-month gain of 2.0% seen and a year-on-year rate of down 2.4%. As well, National Core CPI is seen up 0.1% year-on-year.
In other month-end figures, the unemployment rate is seen steady at 3.3% and provisional industrial production for December down 0.3% month-on-month.
Later, Australia reports fourth quarter producer prices, seen up 0.6% quarter-on-quarter.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 98.62.
Overnight, the dollar pushed lower against the other major currencies on Thursday, after the release of disappointing U.S. economic reports, while investors were still digesting uncertainty caused by the Federal Reserve’s latest policy statement.
The U.S. National Association of Realtors said its pending home sales index inched up by 0.1% last month, disappointing expectations for a gain of 0.8%.
The data came shortly after the U.S. Commerce Department said that total durable goods orders tumbled by 5.1% last month, compared to forecasts for a decline of 0.6%.
Core durable goods orders, which exclude volatile transportation items, fell by 1.2% in December, disappointing expectations for a drop of 0.1%. Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 22 decreased by 14,000 to 278,000 from the previous week’s total of 294,000, which was the highest since April.
Analysts expected jobless claims to fall by 12,000 to 282,000 last week. On Wednesday, the Fed left interest rates on hold at the conclusion of its two-day policy meeting on Wednesday, after raising interest rates for the first time in nearly a decade in December.
The U.S. economy is still on track for moderate growth and a stronger labor market even with "gradual" rate increases, the bank said without giving any indications on the pace of future rate hikes.