Currencies: Dollar remains firm in wake of upbeat U.S. data

The dollar strengthened against the yen Wednesday for a second straight day, albeit in thin trade, after the release of encouraging U.S. economic data.

The dollar USDJPY, +0.15% rose 0.2% against the yen after data showed U.S. consumer confidence climbed to its highest level in 15 years. The rise of the dollar was supported as U.S. Treasury yields rose Tuesday in response to the strong data.

Read:Treasury yields are headed up in 2017—the only question is by how much

Still, markets trading in Japan remained thin during the last week of the year as investors stayed away from unwinding their exposure to the U.S.

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