Forex market update: USD gains against JPY

Dhaka, Bangladesh (BBN)– The US Dollar (USD) rose to a one month high against the Yen (JPY) as lower than expected job cuts and an increase in retail sales for May stimulated market expectations of recovery in the US economy. The Greenback touched 98.89 against JPY.

However, Asian markets saw mixed results as rising energy and metal prices saw the Hang Seng lose 250 points to 18,430.38 while a mixture of buy recommendations, declining JPY and US recovery hopes saw the Nikkei gain 97 points to 9,865.84, according to reports.

BBN/SS/SI/AD-08June09-11:16 am (BST)

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