(Bloomberg) -- The yen may be little changed against
the euro before a Japanese government report this week that is
forecast to show core consumer prices declined in April on an
annual basis in the world's second-largest economy.
The Japanese currency's risk-reversal rate versus the euro
rose, approaching levels seen before the Feb. 27 global stock
market rout, as investors are less willing to weaken the yen.
Japan's 0.5 percent interest rate is the lowest among major
economies and prompts investors to borrow its currency to finance
positions in higher-yielding assets, in a practice known as the
carry trade.
Read more at Bloomberg Currencies News
the euro before a Japanese government report this week that is
forecast to show core consumer prices declined in April on an
annual basis in the world's second-largest economy.
The Japanese currency's risk-reversal rate versus the euro
rose, approaching levels seen before the Feb. 27 global stock
market rout, as investors are less willing to weaken the yen.
Japan's 0.5 percent interest rate is the lowest among major
economies and prompts investors to borrow its currency to finance
positions in higher-yielding assets, in a practice known as the
carry trade.
Read more at Bloomberg Currencies News
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