JPY Daily News

Yen Extends Gains vs. U.S Dollar

The Japanese Yen gained broadly after the orders for Japanese machinery report rose more than twice the pace economists estimated, signaling that a recovery in the world's second-largest economy may be sustained. The Yen climbed to 89.61 per Dollar from 89.76 before the report was published, building on the currency's 7% advance in the past three months.

Reports today showed the recovery in China, Japan's largest market, is gathering steam providing more support for the Yen. Also figuring in the foreign-exchange action, Japan's current-account surplus unexpectedly rose 0.2% in September compared to the same month last year, government data showed.

Current Time: 02/13 20:15 GMT

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