(Bloomberg) -- The yen traded near the weakest in
more than four years versus the dollar on speculation Japanese
employees will use their summer bonuses to purchase overseas
assets that offer higher yields.
Securities firms, asset management companies and banks in
the latter part of June will market 1.9 trillion yen ($15.2
billion) of investment trusts aimed at luring Japanese investors
to foreign securities, according to data compiled by Bloomberg.
The yen traded close to a record low against the euro after
minutes from the central bank's April and May meetings suggested
interest rates will rise ``gradually.''
Read more at Bloomberg Currencies News
more than four years versus the dollar on speculation Japanese
employees will use their summer bonuses to purchase overseas
assets that offer higher yields.
Securities firms, asset management companies and banks in
the latter part of June will market 1.9 trillion yen ($15.2
billion) of investment trusts aimed at luring Japanese investors
to foreign securities, according to data compiled by Bloomberg.
The yen traded close to a record low against the euro after
minutes from the central bank's April and May meetings suggested
interest rates will rise ``gradually.''
Read more at Bloomberg Currencies News
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