Yen hit by disappointing trade data
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THE US dollar rose against the yen but fell against emerging market currencies on Thursday in Tokyo, as investors bet the US central bank will delay its first interest rate rise in nine years.
The US dollar rose to 120.85 yen, from 120.61 yen on Wednesday in New York, after the release of disappointing Japanese trade figures, and the euro gained to US$1.1302 from US$1.1285. The euro was also up to 136.60 yen from 136.11 yen.
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