Forex Market Update : Epic Research Singapore

The U.S. dollar reached a fresh six-year high against the yen for the third consecutive trading day Wednesday, with the dollar bolstered by speculation that the Fed could adopt a more hawkish tone toward interest rates at its coming meeting.

The dollar USDJPY, +0.05%  traded at 106.84 yen Wednesday, just below ¥106.90, the fresh six-year high it reached Wednesday afternoon, and up from ¥106.17 Tuesday evening.

The pound GBPUSD, -0.09%  recovered against the dollar Wednesday from a massive selloff during the Asian trading day as a new poll showed a majority of Scots would prefer to remain a part of U.K. It traded at $1.62024 Wednesday afternoon, compared with $1.6115 Tuesday evening.

The WSJ Dollar Index BUXX, +0.08% a measure of the dollar against a basket of major currencies, was up 0.15% at 76.11.

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