The US dollar reached a two-month high versus the Japanese yen Wednesday, following strong US housing data leaped to its highest level in almost 7 ½ years in April.
According to Commerce Department, groundbreaking rallied 20.2% to a seasonally annual adjusted pace of 1.14 million units, the highest since November 2007.
The greenback climbed to ¥120.90, its highest since March 20.
The material has been provided by InstaForex Company – www.instaforex.com