(Bloomberg) -- The yen retreated from a six-week
high against the dollar on speculation rising U.S. stocks will
give investors confidence to borrow money in Japan to buy higher-
yielding assets elsewhere.
The yen has declined against all of the 16 most-traded
currencies this year as investors increased so-called carry
trades, taking advantage of Japan's 0.5 percent benchmark
interest rate. Asian stocks may mirror gains in the U.S.
yesterday, when the Dow Jones Industrial Average rose the most in
a week.
Read more at Bloomberg Currencies News
high against the dollar on speculation rising U.S. stocks will
give investors confidence to borrow money in Japan to buy higher-
yielding assets elsewhere.
The yen has declined against all of the 16 most-traded
currencies this year as investors increased so-called carry
trades, taking advantage of Japan's 0.5 percent benchmark
interest rate. Asian stocks may mirror gains in the U.S.
yesterday, when the Dow Jones Industrial Average rose the most in
a week.
Read more at Bloomberg Currencies News
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