Dollar trims losses vs yen after US May new home sales data

NEW YORK: The dollar scaled back its earlier decline against the yen on Friday as data showed sales of US new homes in May came in stronger than expected in May, reducing worries about a slowdown in the domestic housing market.

At 10:14 a.m. (1414 GMT), the greenback was down 0.04 percent at 111.29 yen, while the euro hovered near its session high against the dollar at $1.1189, up 0.3 percent from late on Thursday, according to Reuters data.