Extending previous session uptrend, the Japanese yen surged up further against major currencies during New York morning deals on Wednesday. The yen climbed to a new multi-week high against the Swiss franc, fresh 1-week highs versus the euro and the Aussie.
The yen extended its European session upward trading against the Swiss franc in New York deals today. At 11:05 am ET, the yen advanced to a new multi-week high of 82.29 versus the franc, compared to yesterday’s close of 82.78.
Against the euro and the Australian dollar, the yen spiked up further and hit new 1-week highs of 112.25 and 78.96, respectively, at about 11:00 am ET. As of now, the yen is worth 79.14 against the Aussie and 112.51 versus the euro, which may be compared to Tuesday’s closing values of 80.27 and 112.88, respectively.
The Japanese currency edged up against its British counterpart in today’s New York deals from previous session’s 9-day low of 129.63. The pair that closed yesterday’s New York session at 129.06, is now trading near 128.74.
The yen also showed strength against the US dollar, after touching a 2-week low of 82.00 in today’s European deals. At present, the yen is trading at 81.58 from yesterday’s North American session close of 81.44.
On the economic front, the U.S. Commerce Department reported that durable goods orders surged up by 3.3 percent in September following a revised 1.0 percent decrease in August. Economists had expected orders to increase by 1.8 percent compared to the 1.5 percent drop that had been reported for the previous month.
The Commerce Department also said that new home sales rose 6.6 percent to an annual rate of 307,000 in September from an annual rate of 288,000 in August. Economists had expected sales to show a more modest 3.8 percent increase to an annual rate of 299,000.