Investing.com - The Japanese yen strengthened slightly against the dollar on Wednesday ahead of comments from the Bank of Japan governor.
USD/JPY traded at 101.97, down 0.02%, as the Bank of Japan holds a two-day international conference on monetary policy in post-financial crisis era with Governor Haruhiko Kuroda due to give an opening speech at the conference at 0900 Tokyo time (0000 GMT).
Australia's April Westpac-MI leading index is due at 1030 in Sydney (0030 GMT). The index recorded its second straight month of sub-trend growth momentum in March with six-month annual growth deviation from trend showing
a negative reading.
At 1130 (0130 GMT), data on first quarter construction work done are due, where expectation is for a drop of 0.2% quarter-on-quarter, after a 1.0% decline in the fourth quarter.
AUD/USD traded at 0.9261, up 0.02%, ahead of the data.
Overnight, the dollar firmed against most major currencies after solid U.S. housing, consumer confidence and wholesale pricing data sparked fresh expectations that the Federal Reserve remains on track to wind down greenback-weakening monetary stimulus programs this year.
The Conference Board reported earlier that its consumer confidence index rose to 83.0 this month from 81.7 in April, in line with market expectations.
Elsewhere, the Standard & Poor’s/ Case-Shiller house price index rose 12.4% in March from a year earlier, beating forecasts for a gain of 11.8% and following a rise of 12.9% in February.
Healthy wholesale pricing data firmed the greenback as well.
The Commerce Department reported earlier U.S. durable goods orders rose 0.8% in April, confounding expectations for a 0.5% fall, after a 3.6% increase in March, whose figure was revised up from a previously estimated 2.9% rise.
Core durable goods orders, which are stripped of volatile transportation items, rose 0.1% last month, missing expectations for a 0.3% increase. Core durable goods orders in March were revised up to a 2.9% gain from a previously estimated 2.4% rise.
Tuesday's data renewed market expectations for the Federal Reserve to continue winding down stimulus measures this year provided recovery remains on track.
Meanwhile across the Atlantic Ocean, sentiment on the euro remained fragile after European Central Bank President Mario Draghi said the bank will do everything feasible for the euro zone economy within its mandate, comments that fueled expectations for additional easing measures.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.03% at 80.40.