Yen Rises Against Euro with Recovering Economy

The Japanese yen rose slightly against the euro and the U.K. pound today as the exports, boosted by the demand from the emerging markets, showed a significant increase, causing the economy to recover with the greater-than-expected pace, though the U.S. dollar managed to outperform the Japanese currency with the aid of the increasing production and the decreasing jobless rate.
The Bank of Japan, which previously stated that the economic rebound will remain just “moderate”, may consider increasing their economic assessment because the demand from the overseas importers, especially China, noticeably bolstered production and exports. The robust economic expansion may cause any decisions about raising the central bank’s liquidity injections and about changes to the rates to be postponed until the next meeting of the policy maker, which should occur at the end of this month.
EUR/JPY traded at 127.27 as of 11:20 GMT after opening at 127.48. USD/JPY traded near 93.96 up from the opening level of 93.81.

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