The US Dollar kept strengthening against the Japanese Yen on the US property market data and current account report. The USD/JPY currency pair rose modestly to the 112.76, targeting the weekly high at around 113.20.
The US single-family housing starts and building permits increased to the ten-year highs in November, providing a hopeful sign for the real estate market that was hindered by supply constraints. The Commerce Department stated that in overall building permits were at a 1.298M unit rate in November, being put slightly down by a weaker permits for multi-family houses’ construction. However, an increase in groundbreaking singe-family homes could contribute to GDP in the Q4.
