(Bloomberg) -- The yen fell to a one-week low
against the euro on speculation Bank of Japan Governor Toshihiko
Fukui will signal plans to raise the overnight lending rate only
gradually after leaving it unchanged today.
The currency also slid against the New Zealand and
Australian dollars after policy makers unanimously decided to
keep the benchmark rate at 0.5 percent for a fifth meeting.
The yen traded near a 4 1/2-year low against the dollar as the
lowest borrowing costs in the industrialized world spur
investors to take out loans in Japan and buy higher-yielding
assets in so-called carry trades.
Read more at Bloomberg Currencies News
against the euro on speculation Bank of Japan Governor Toshihiko
Fukui will signal plans to raise the overnight lending rate only
gradually after leaving it unchanged today.
The currency also slid against the New Zealand and
Australian dollars after policy makers unanimously decided to
keep the benchmark rate at 0.5 percent for a fifth meeting.
The yen traded near a 4 1/2-year low against the dollar as the
lowest borrowing costs in the industrialized world spur
investors to take out loans in Japan and buy higher-yielding
assets in so-called carry trades.
Read more at Bloomberg Currencies News
No comments:
Post a Comment