The dollar-yen exchange rate climbed to 157.386, buoyed by strong US employment data, widening US-Japan yield differentials, and increased risk appetite, while the yen weakened as Japanese importers bought dollars ahead of a local holiday.
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[Tokyo Foreign Exchange Market]Dollar-Yen Rises on Strong US Employment Data
The dollar-yen exchange rate climbed to 157.386, buoyed by strong US employment data, widening US-Japan yield differentials, and increased risk appetite, while the yen weakened as Japanese importers bought dollars ahead of a local holiday.
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