US dollar is lower against the yen ahead of a reading on October new home sales, expected to have slipped 1% vs September. Housing data have shown improvements in recent months, so a surprise to the upside could help the dollar pare its losses against the yen. The yen is today's big leader amid a flight to safety on fresh fears that the US lawmakers will fail to reach a deal to avoid the fiscal cliff. USD at Y81.84 from Y82.15 late Tuesday, according to EBS via CQG.
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