(Bloomberg) -- The yen gained the most versus the
dollar in more than two months and strengthened against the euro
after Japan's Finance Minister Koji Omi said investors are taking
risks in one-way bets against the currency.
Japan's yen rose against all 16 most-active currencies
tracked by Bloomberg News after Omi told reporters in Tokyo that
``disorderly moves of foreign exchange rates are undesirable.''
The remarks were aimed at discouraging investors who borrow yen
to buy higher-yielding assets in carry trades.
Read more at Bloomberg Currencies News
dollar in more than two months and strengthened against the euro
after Japan's Finance Minister Koji Omi said investors are taking
risks in one-way bets against the currency.
Japan's yen rose against all 16 most-active currencies
tracked by Bloomberg News after Omi told reporters in Tokyo that
``disorderly moves of foreign exchange rates are undesirable.''
The remarks were aimed at discouraging investors who borrow yen
to buy higher-yielding assets in carry trades.
Read more at Bloomberg Currencies News
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