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The greenback briefly touched 124.30 yen in Tokyo midday trading, its highest level since late 2002, before settling back to 123.82 yen. "It's likely that the yen will continue to slowly weaken and we'll have a global risk-on mode," said Mitsushige Akino, executive officer at Ichiyoshi Asset Management. The dollar has resumed its bull run against the yen on growing expectations that the Federal Reserve will hike interest rates by the end of the year while the Bank of Japan is tipped to launch more stimulus to kickstart a sluggish economy.
Malaysia said Thursday it believes 139 people are buried in graves at remote detention camps used by people-smugglers on the Thai border which were discovered on the weekend. "Based on the size of the graves, and after the area was cleared... we have a clearer indication -- single grave, single person," Deputy Home Affairs Minister Wan Junaidi Tuanku Jaafar told reporters. When asked by AFP if he believed that there are 139 bodies since Malaysia has previously said it had discovered 139 grave sites, Wan Junaidi said: "Yes".