(Bloomberg) -- The yen rebounded from near an 11-week low against the dollar on speculation Japanese investors will bring back money invested in U.S. Treasuries.
The Treasury pays $72.8 billion in coupon and principal on government debt today, according to a research note from JPMorgan Chase & Co. The yen has weakened 8.2 percent against the dollar in the past year, the biggest drop of the 16 most-traded currencies, as investors borrowed in Japan to buy higher-yielding assets such as U.S. bonds.
Read more at Bloomberg Currencies News
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