Disappointing data on the US pending home sales caused little changes in the USD/JPY exchange rate. The pair made an ordinary move of 0.04% down to the 113.79 mark, where bulls continued to push it highr to touch the weekly high one again on Friday morning.
The National Association of Realtors revealed that there was no change in the number of pending home sales in September. However, the August’s figure was revised down, putting the yearly rate to 3.5% in the observed period. The report showed that the US housing market continued suffering from weaker sales due to tight inventories, while builders cited labour and land shortages as a restraint on construction. Activity is expected to fall further the lack of available properties.
