The U.S. dollar advanced against most major rivals ahead of European deals on Wednesday.

The greenback rose to a 2-day high of 122.73 against the yen, compared to yesterday's closing value of 122.48.

The greenback edged up to 0.9370 against the franc and 1.1114 against the euro from Tuesday's closing values of 0.9345 and 1.1140,respectively.

The next possible upside target level for the greenback is seen around 123.00 against the yen, 0.95 against the franc and 1.10 against the euro.

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