(Bloomberg) -- The yen traded near a three-month low
against the dollar as policy meeting minutes indicated the Bank of
Japan plans to keep interest rates unchanged in coming months.
The Japanese currency slid for a second day versus the dollar
as investors returned to the so-called carry trade, borrowing in
Japan, where the benchmark rate is 0.5 percent, to invest in the
U.S. and Europe. The euro also approached a five-week low against
the dollar on speculation prices already reflect the interest-rate
outlook in the euro region.
Read more at Bloomberg Currencies News
against the dollar as policy meeting minutes indicated the Bank of
Japan plans to keep interest rates unchanged in coming months.
The Japanese currency slid for a second day versus the dollar
as investors returned to the so-called carry trade, borrowing in
Japan, where the benchmark rate is 0.5 percent, to invest in the
U.S. and Europe. The euro also approached a five-week low against
the dollar on speculation prices already reflect the interest-rate
outlook in the euro region.
Read more at Bloomberg Currencies News
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