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Dollar-yen climbs to 158.40 on strong U.S. data and Fed comments

  • Dollar-yen advanced as dollar buying dominated New York foreign exchange trading.
  • The pair rose from 157.76 yen to 158.40 yen on the 23rd.
  • Strong U.S. data, Fed remarks and higher crude oil prices supported the dollar.

The dollar-yen pair rose from 157.76 yen to 158.40 yen in New York foreign exchange trading on the 23rd, ending in the 158 range. Dollar buying dominated as unexpectedly strong U.S. economic data, hawkish remarks from a senior Federal Reserve official and a rebound in crude oil prices supported the U.S. currency.

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