Japanese yen surged against dollar on Monday. Speculation from non-Japanese short-term currency players pushed the currency to the highest point against dollar.
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U.S. jobs rate shows highest employment rate in seven years and dollar stays at seven month high. While Japanese and Chinese shares up, Asian stock markets were mixed as condition supports the case for Feds rate hike in December.
Taking cues from the overnight gains on Wall Street, Asian markets moved upwards marginally on Thursday. The reopening of trading in Chinese markets after a long-week holiday streak also infused fresh interest into the market.
Most financial markets in Asia ended the week higher after the US Federal Reserve decided to keep interest rates unchanged. China's Shanghai Composite Index was up 0.4% Friday. Despite that, the bourse was still down 3.2% for the week as investors worried over the Fed decision as well as weakness in economic data.
Asian stocks rose on Thursday after upbeat U.S. employment data and a halt to a slide in oil tempered investor risk aversion, while the euro held near a nine-year low.
