(Reuters) - The dollar remained weak against the euro on a slide in benchmark U.S. Treasury yields, which have retreated from five-year highs hit last week on data showing core inflation pressures easing. The yen has fallen across the board since Bank of Japan Governor Toshihiko Fukui said last week he had no preconceived ideas about a future rate rise, dousing expectations of a hike in July.
Most market players are looking for the BOJ to raise rates to a 12-year high in August, but such a move is not expected to dull the allure of carry trades -- borrowing cheap funds in the yen to buy higher-yielding currencies.
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Most market players are looking for the BOJ to raise rates to a 12-year high in August, but such a move is not expected to dull the allure of carry trades -- borrowing cheap funds in the yen to buy higher-yielding currencies.
Read more at Reuters.com Hot Stocks News
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