After falling toward 106.00 area earlier in the day, the USD/JPY gained traction in the early American session and rose to a daily high of 106.47. As of writing, the pair was up 0.08% on the day at 106.43.
Greenback continues to outperform its major rivals
The broad-based USD strength seems to be the behind USD/JPY's recent upsurge. The US Dollar Index (DXY), which spent the first half of the day in a tight range near 93.00, capitalized on the upbeat US data and touched a fresh six-day high of 93.36. Although the DXY retreated following the initial reaction, it's still up 0.26% on the day at 93.26.


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