The dollar pared losses versus the Japanese yen on Monday after a government report showed sales of new U.S. single-family homes rebounded strongly in June from the prior month's record low.

The dollar was last still trading 0.2 percent lower at 87.28 yen JPY=, but that compares with 87.09 yen right before the data.

(Reporting by Vivianne Rodrigues; Editing by Theodore d'Afflisio)

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