Yen Gains Versus Euro on Speculation of German, Italian Bond Redemptions

(Bloomberg) -- The yen rebounded from a record low
against the euro on speculation Japanese investors will
repatriate earnings from Italian and German government debt.

Italy pays 1.6 billion euros ($2.2 billion) and Germany 17.3
billion euros in coupon and principal on government debt today
and on July 12, according to data compiled by Bloomberg. The yen
yesterday fell to a record low versus the euro as investors sent
funds abroad in search of higher returns.


Read more at Bloomberg Currencies News