(Bloomberg) -- The yen was headed for a weekly loss
against the dollar and euro on speculation Bank of Japan
Governor Toshihiko Fukui will signal today he plans to raise
interest rates gradually.
The yen traded near a 4 1/2 year low against the dollar as
the lowest borrowing costs in the industrialized world spur
investors to take out loans in Japan and buy higher-yielding
assets elsewhere. Fukui will speak today after policy makers
conclude a two-day meeting. All 43 economists surveyed by
Bloomberg forecast they will keep the benchmark rate at 0.5
percent.
Read more at Bloomberg Currencies News
against the dollar and euro on speculation Bank of Japan
Governor Toshihiko Fukui will signal today he plans to raise
interest rates gradually.
The yen traded near a 4 1/2 year low against the dollar as
the lowest borrowing costs in the industrialized world spur
investors to take out loans in Japan and buy higher-yielding
assets elsewhere. Fukui will speak today after policy makers
conclude a two-day meeting. All 43 economists surveyed by
Bloomberg forecast they will keep the benchmark rate at 0.5
percent.
Read more at Bloomberg Currencies News
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