Forex USD/JPY down, EUR/GBP up in Asian session trade may 27 2011

Forex USD/JPY down, EUR/GBP up in Asian session trade may 27 2011 : The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Retail Sales. USD/JPY was trading at 80.96, down 0.41% at time of writing.The pair was likely to find support at 80.89, today’s low, and resistance at 82.21, Tuesday’s high.

Earlier in the day, official data showed that Japanese retail sales fell less-than-expected to a seasonally adjusted annual rate of -4.8% last month from -8.3% in the preceding month whose figure was revised up from -8.5%. Analysts had expected retail sales to fall at annual rate of -6.2% last month.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.83% to hit 1.4262 and GBP\/USD rising 0.20% to hit 1.6438.

EUR/GBP up during the Asian session
The Euro was higher against the British Pound on Friday. EUR/GBP was trading at 0.8674, up 0.60% at time of writing.

The pair was likely to find support at 0.8611, Thursday’s low, and resistance at 0.8752, Tuesday’s high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.81% to hit 1.4260 and EUR\/JPY rising 0.58% to hit 115.66. (source www.forexpros.com ) For the latest updates PRESS CTR + D or visit Stock Market news Today

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