Dollar hits 8-year high against yen for strong start to week

The dollar finished Tuesday’s North American session at its highest level against the yen since July 2007. The U.S. currency also recorded strong gains against the euro.

Orders for durable U.S. goods declined by a seasonally adjusted 0.5% in April, in line with expectations from economists surveyed by MarketWatch. Investors focused on the core capital-goods number, which is typically interpreted as a proxy for business investment. It climbed 1% in April, marking a second straight monthly gain.

The dollar USDJPY, -0.04%  broke above 123 yen after the durable-goods report, its first time above that level since July 2007. It recently traded at ¥123.13, compared with ¥121.55 Monday.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my