Dhaka, Bangladesh (BBN)- Japanese Yen (JPY) continued to strengthen against the USD during most part of the week, boosted by the increased safe-haven buying of the currency on negative US economic news and disappointing Japanese GDP data.
However, at the end of the week, USD edged up against JPY as the investors waited to see if the Bank of Japan or the government take new steps to rein in the JPY’s rise.
JPY was trading around 85.57 level on Thursday, according to reports.
BBN/SI/AD-20Aug10-3:04 pm (BST)
