The yen pulled back from 15-year highs against the US dollar and a nine-year peak versus the euro on Wednesday on speculation Japanese authorities may take action to stem the currency's rise. The euro was supported by strong German economic data, while the dollar remained under pressure after weaker-than-expected US durable goods orders and housing data July.
In late morning trading in New York, the dollar was up 0.3 percent on the day to 84.43 yen, within reach of a 15-year low hit on Tuesday at 83.61, according to Reuters data. The euro traded 0.3 percent higher at 106.61 yen, recovering from a nine-year low hit on Tuesday. The single currency pulled back from the day's high of 107.66 yen. Against the dollar, the euro was slightly higher on the day at $1.2631, after trading as high as $1.2725.
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