Japan Stocks Gain as Yen Weakens Against Dollar After Payrolls

  • U.S. unemployment rate fell to lowest level in almost 8 years
  • Traders raise bets on another Fed rate hike this year to 53%

Japanese stocks rose after a U.S. payrolls report supported the Federal Reserve’s case to raise U.S. interest rates, sending the dollar higher against the yen and boosting the earnings outlook of Japanese exporters.

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