(Bloomberg) -- The yen fell from a two-week high
against the dollar and euro as investors resumed sales of the
currency in search of higher returns elsewhere through so-called
carry trades.
Japan's yen snapped a three-day winning streak, declining
against 15 of the 16 most-active currencies after Bank of Japan
Governor Toshihiko Fukui said the central bank aims to adjust the
lowest interest rates among major economies at a gradual pace.
The yen dropped the most against New Zealand's dollar, where an 8
percent benchmark interest rate compares with Japan's 0.5 percent.
Read more at Bloomberg Currencies News
against the dollar and euro as investors resumed sales of the
currency in search of higher returns elsewhere through so-called
carry trades.
Japan's yen snapped a three-day winning streak, declining
against 15 of the 16 most-active currencies after Bank of Japan
Governor Toshihiko Fukui said the central bank aims to adjust the
lowest interest rates among major economies at a gradual pace.
The yen dropped the most against New Zealand's dollar, where an 8
percent benchmark interest rate compares with Japan's 0.5 percent.
Read more at Bloomberg Currencies News
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