USD/JPY gained traction and turned positive on the day near 106.50. US Dollar Index extended its advance to a daily high of 93.36. Durable Goods Orders in US rose by 11.2% in July. 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. The data published by the US Census Bureau revealed on Wednesday that Durable Goods Orders in July surged by 11.2% and beat the market expectation for an increase of 4.3% by a wide margin. Meanwhile, the 10-year US Treasury bond yield is up more than 3.5% on a daily basis, helping USD/JPY stay in the positive territory. On the other hand, Wall Street’s main indexes look to open the day little changed despite the upbeat data. There won’t be any other macroeconomic data releases from the US in the remainder of the day and the USD’s market valuation is likely to remain the primary driver of USD/JPY’s action. On Thursday, investors will be focused on FOMC Chairman Jerome Powell’s speech at the Jackson Hole Symposium. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI climbs to fresh multi-month highs above $43.50 as Laura strengthens into a Cat 3 hurricane FX Street 2 years USD/JPY gained traction and turned positive on the day near 106.50. US Dollar Index extended its advance to a daily high of 93.36. Durable Goods Orders in US rose by 11.2% in July. 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… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.