(Bloomberg) -- The yen rose for a second day against
the dollar after government reports showed Japan's jobless rate
unexpectedly fell to a nine-year low and households increased
spending for a fourth month in April.
Signs of a strengthening economy may fuel bets the Bank of
Japan will raise the lowest interest rates in the industrialized
world, increasing the appeal of yen-denominated assets. The yen
has fallen against 15 of the 16 most-active currencies in the
past year, as the BOJ signaled it may keep its benchmark rate at
0.5 percent in coming months.
Read more at Bloomberg Currencies News
the dollar after government reports showed Japan's jobless rate
unexpectedly fell to a nine-year low and households increased
spending for a fourth month in April.
Signs of a strengthening economy may fuel bets the Bank of
Japan will raise the lowest interest rates in the industrialized
world, increasing the appeal of yen-denominated assets. The yen
has fallen against 15 of the 16 most-active currencies in the
past year, as the BOJ signaled it may keep its benchmark rate at
0.5 percent in coming months.
Read more at Bloomberg Currencies News
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