The world's reserve currency edged up in value against the monetary unit of Japan early in trading on Wednesday, in advance of the U.S, releasing job market data, according to Bloomberg.
The U.S. dollar rose to its 60-day peak against the Japanese yen, also prompted higher by expectations for strong factory order data. Wednesday's upward drive notates the greenback's fifth-straight day of gains against the yen.
"The U.S. dollar is super sensitive to data now that the Fed has tried to guide markets as to when they'll put up rates," chief market strategist Chris Weston with IG Ltd. in Melbourne told the news source on Wednesday. "People don't want to get left behind if we get a really strong jobs number on Friday. That could be the catalyst for a longer-term rally."
The dollar pushed ahead 0.1 percent against the yen on Wednesday yet was minimally changed against the shared currency of the European Union.
The greenback benefited from economic challenges in China, Reuters reports. But the strong data about the labor market is likely to prompt the greenback higher for the remainder of the week, analysts told the publication.
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