Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Federal Budget Balance.
USD/JPY was trading at 77.71, down 0.14% at time of writing.
The pair was likely to find support at 77.51, today’s low, and resistance at 78.19, Monday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose figure was revised up from -64.6B.
Analysts had expected U.S. federal budget balance to fall to -110.3B last month.
Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.37% to hit 1.3592 and GBP/USD falling 0.03% to hit 1.5911.
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