Yen has strong week trading

Story link: Yen has strong week trading

The Yen has enjoyed a strong week of trading, rising over 2% against the USD and GBP, and almost as much against the euro.

Net purchases by foreign investors into Japanese bonds and equities, coupled with net selling of foreign bonds and equities by Japanese investors, helped stregthen the currency in the markets after the first full week’s trading since the holidays.

Asian currencies in general have been enjoying strong trading against the US dollar, with the South Korean won, Singapore dollar and Thai baht all enjoying multi-year highs, accompanied by strong stock markets across south and south east Asia.