Japanese currency, the yen rose from a one-month low against the dollar and gained versus the euro after Japanese reports showed bankruptcies fell and merchant confidence improved, spurring demand for the nation’s assets.
The yen strengthened against 13 of the 16 most-traded currencies after Tokyo Shoko Research Ltd. said corporate bankruptcies declined 6.7 percent from a year earlier to 1,203 cases.
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The yen gained to 98.40 per dollar from 98.64 in New York on June 5 when it dropped to 98.89, the lowest level since May 8.
The yen climbed to 137.55 per euro from 137.81. The dollar was at $1.3978 per euro from $1.3968.
