JPY falls against USD

Dhaka, Bangladesh (BBN) – The Japanese Yen (JPY) fell to 88.96 against USD as Asian stocks extended a global rally amid signs the worldwide economy is recovering, damping demand for Japan’s currency as a refuge.

Wall Street rallied as a weaker US Dollar (USD) boosted commodities and dollar-sensitive stocks, fostering a broad-based advance.

The Dow Jones Industrial Average rose 132 points, or 1.4 percent while the NASDAQ Composite rose 35 points, or 1.7 percent, according to reports.

Canada’s currency (CAD) advanced to the strongest level in more than a year as stocks and crude oil, the nation’s biggest export, rose. It touched 1.0547 against USD, the strongest level since October 1, 2008.

BBN/SS/SI/AD-07October09-11:28 am (BST) 

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