NEW YORK, March 23 (Reuters) - The dollar edged higher versus the Japanese yen on Tuesday after a report showed sales of previously owned U.S. homes fell less than expected in February.
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The dollar was last up 0.4 percent at 90.45 yen, from 90.36 yen prior to the release.
The report basically confirms what we have seen from housing starts with a solid bottom forming in the U.S. housing market but no indication of a sustainable recovery, said Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto. (Additional reporting by Nick Olivari; Editing by James Dalgleish)