The US Dollar erased an earlier decline as consumer confidence remained unchanged between January and February.
US manufacturing and industrial production for January disappointed expectations earlier today, and Non-Farm Payrolls disappointed expectations in January by only expanding by 113 thousand jobs. US data is important for dollar traders because of the implication on the pace of QE taper. Fed Chair Yellen said earlier this week that a notable change in the outlook for the economy could prompt a slowdown in the taper pace.
That's why the US Dollar erased earlier losses against the Japanese Yen following the confidence release. USD/JPY may next find support by the