The yen expands his gains

The Japanese yen in the Asian market rose on Thursday against a basket of main and secondary currencies, to expand its gains for the second day in a row against the US dollar, recording the lowest level in ten weeks, is about to trade above the 150th barrier for the first time this year, amid the purchase of Japanese currency as one of the best Investment opportunities available in the foreign exchange market.

Adhening comments from some officials of the Bank of Japan have strengthened the risk of raising Japanese interest rates next March, pending more economic data on inflation, unemployment and wages in the country.

The rise of the Japanese currency also supports the slowdown in US Treasury bonds for ten years, which comes despite the Federal Reserve report that showed that the US Central is not in a hurry to reduce interest rates. (Investing)