Forex Market Update : Epic Research Malaysia

The U.S. dollar rallied against key rivals on Wednesday after the Federal Reserve released meeting minutes suggesting the pace of labor-market gains is getting quicker.

The dollar bought 103.76 Japanese yen USDJPY, +0.09% on Wednesday jumping over ¥103 for the first time since April. The currency pairing traded at ¥102.91 late Tuesday. The yen fell earlier in the session when Japan logged a larger-than-expected trade deficit in July.

The euro EURUSD, -0.09% fell to $1.3264 on Wednesday from $1.3321 late Tuesday, closing firmly below $1.33.

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