The Japanese yen went down today as the Asian stocks rallied, causing the speculation that the region’s economy continues to grow and damping the demand for the Japanese currency as the safe haven.
The MSCI Asia Pacific Index of regional shares rose 0.3 percent and the Nikkei 225 Stock Average went up 0.2 percent. The Japanese policy makers continue to complaint about the yen’s strength, adding to the reasons to believe in another intervention.
USD/JPY rose from 81.71 to 81.85 today as of 9:37 GMT, following the advance to 82.00.
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