The yen surges to its highest level in a week

The Japanese yen surged in the Asian market on Monday to its highest level in a week against the U.S. dollar, extending its gains for the third consecutive day, as buying activity of the Japanese currency continued as one of the best investment options in the foreign exchange market. Data showing a surge in Japan's economic growth during the fourth quarter of last year increased pressure on policymakers at the Bank of Japan and boosted expectations for an interest rate hike in Japan next March