Euro Falls Versus Yen as Traders See Additional Declines on Risk Reversal

(Bloomberg) -- The euro fell versus the yen as
investors increased bets the currency would retrace previous
gains.

Europe's currency fell against 11 of the 16 most-active
currencies as the euro-dollar risk reversal rate fell to the
lowest level since October, signaling investors increased bets on
a drop in the euro. The 13-nation currency has gained 4.6 percent
versus the dollar in the last 12 months, reaching a record on
April 27.


Read more at Bloomberg Currencies News