RTRS: Dollar pares gains vs yen after pending homes data
NEW YORK, March 4 (Reuters) - The dollar pared gains versus the yen on Thursday after a report showed contracts for pending sales of previously owned homes unexpectedly fell in January.
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The dollar was still up 0.6 percent at 88.99 yen JPY=, but lower from 89.12 yen before the release of the data.
"Pending home sales is a negative for the U.S.," said Meg Browne, senior currency strategist at Brown Brothers Harriman in New York. "It is a sign that the housing market is losing some momentum." (Additional reporting by Nick Olivari; Editing by James Dalgleish)
