(Bloomberg) -- The yen gained against the dollar and
the euro as traders reduced risk before a two-day Bank of Japan
interest-rate meeting ends today.
The Japanese currency benefited from speculation policy
makers will signal the central bank may raise borrowing costs as
soon as next month after leaving them on hold today at 0.5
percent. A survey of 34 economists showed 21 expect the BOJ to
raise the rate to 0.75 percent in August.
Read more at Bloomberg Currencies News
the euro as traders reduced risk before a two-day Bank of Japan
interest-rate meeting ends today.
The Japanese currency benefited from speculation policy
makers will signal the central bank may raise borrowing costs as
soon as next month after leaving them on hold today at 0.5
percent. A survey of 34 economists showed 21 expect the BOJ to
raise the rate to 0.75 percent in August.
Read more at Bloomberg Currencies News
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