(Bloomberg) -- The yen fell to a record low against
the euro and a 15-year low against the Australian dollar on
speculation investors are borrowing the currency to increase
purchases of higher-yielding assets.
Japan's currency also reached a 19-year low against the New
Zealand dollar, before rebounding as traders said the Reserve
Bank of New Zealand intervened. Bank of Japan Governor Toshihiko
Fukui on June 15 said policy makers need to examine more
economic data before raising interest rates from 0.5 percent,
encouraging investors to add to so-called carry trades.
Read more at Bloomberg Currencies News
the euro and a 15-year low against the Australian dollar on
speculation investors are borrowing the currency to increase
purchases of higher-yielding assets.
Japan's currency also reached a 19-year low against the New
Zealand dollar, before rebounding as traders said the Reserve
Bank of New Zealand intervened. Bank of Japan Governor Toshihiko
Fukui on June 15 said policy makers need to examine more
economic data before raising interest rates from 0.5 percent,
encouraging investors to add to so-called carry trades.
Read more at Bloomberg Currencies News
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