The Japanese yen extended its losses today as the European and Asian equities rose, supporting the positive outlook for the global growth and decreasing the demand for the safe currencies.
The Stoxx Europe 600 Index added 0.7 percent and the MSCI Asia Pacific Index of shares rallied 1.8 percent. The International Monetary Fund forecast that the global economy will grew by 4.6 percent this year, compared with the April forecast of 4.2 percent.
USD/JPY traded near 88.17 today as of 10:22 GMT after it opened at 87.70.
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