RTTN: U.S. Dollar At 2-day High Vs Yen As ADP Employment Rises Unexpectedly
The U.S. dollar crept higher against the Japanese yen on Wednesday after a report showed that private sector employment in the U.S. increased by more than expected in the month of February.
ADP said private sector employment increased by 198,000 jobs in February, topping expectations for an increase of 173,000 jobs.
The greenback is trading higher at 93.64 against the yen, setting a 2-day high. The greenback may break next upside target level at 94.5. The pair traded 93.30 at Tuesday's close.
