FX: Dollar falls against yen after rebound stalls at 90.02
Forex Pros - The U.S. dollar fell against the yen on Tuesday after its earlier rebound stalled at 90.02, a session high, ahead of the release of key U.S. economic data.
USD/JPY hit 89.85 during midday European trade, shedding 0.17%. The pair was likely to find support at 88.55, the low of Feb. 4, and resistance at 90.41, Friday's high.
Later Tuesday, the U.S. Treasury Department was set to release its TIC Net Long-Term Transactions report, which measures the monthly difference in value between U.S. purchases of long-term foreign securities and foreign purchases of U.S. long-term securities.
The Federal Reserve was also due to publish its NY Empire State Manufacturing Index, a measure of the economic health of the manufacturing sector.
