The yen continued to underperform, coming amid fresh highs on Wall Street. USD-JPY clocked a two-week high at 113.14, while EUR-JPY, AUD-JPY, and other yen crosses, also scaled to new highs. Strong trade data out of Japan had little impact on the yen. Outside the case for USD-JPY, and NZD-USD, which dove by over 1% ahead of an announcement following post-election coalition negotiations, the dollar has traded generally softer, giving back some of the gains seen during the first half of the week. EUR-USD climbed to a three-day high of 1.1815.
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