One dollar USDJPY, -0.46% bought ¥109.26 late Tuesday in New York, up 0.8% from ¥108.40 late Monday in New York. That represented the U.S. currency’s strongest level against its Japanese rival since April 28, the day the Bank of Japan surprised investors by leaving its monetary policy virtually unchanged, driving the yen to its largest one-day gain in seven years.
The ICE U.S. Dollar index DXY, -0.15% a measure of the greenback’s strength against a basket of six rival currencies, rose for a sixth straight day as weak industrial-production data out of Germany helped weighed on the euro. The index was up 0.2% at 94.2820, also its strongest level since April 28.
The shared currency EURUSD, +0.1231% traded at $1.1368 late Tuesday in New York, compared with $1.1387 late Monday in New York.
In other Asia trading, the Philippine peso USDPHP, -0.0107% logged its largest daily gain against the U.S. dollar since at least May 2014 after Rodrigo Duterte, a tough-on-crime politician that some have likened to Donald Trump, won the country’s presidential election.
The dollar tumbled 1.2% to 46.73 pesos late Tuesday, compared with 47.29 pesos late Monday in New York.
Chinese yuan USDCNY, -0.0875% traded in the onshore market continued to weaken against the dollar, finishing around levels last seen in late March that were initially reached Monday. Market strategists said this was consistent with the dollar’s recent weakness.
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