United States New Home Sales Change (MoM) came in at -9.2%, below expectations (-4.4%) in January

United States New Home Sales Change (MoM) came in at -9.2%, below expectations (-4.4%) in January
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USD/JPY hit two-week low on weak US data

The offered tone around USD/JPY strengthened, pushing it to a two-week low of 111.31 due to a surprise contraction in the US services activity and a drop in the new home sales.
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