Forex - USD/JPY down toward the end of European session

Forex News - The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 76.85, down 0.53% at time of writing.

The pair was likely to find support at 76.32, Wednesday’s low, and resistance at 77.49, Wednesday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from 401K.

Analysts had expected Initial Jobless Claims to rise to 406K last week.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.60% to hit 1.3712 and GBP/USD falling 0.12% to hit 1.5733.