(Bloomberg) -- The yen fell to a three-month low
against the dollar on speculation Japanese investors will snap up
new investment trusts that buy higher-yielding overseas assets as
companies pay out June employee bonuses.
Fund management companies and banks from today to June 1
will market 1.4 trillion yen ($11.5 billion) of investment
products aimed at foreign securities, according to data compiled
by Bloomberg. Japan's benchmark rate of 0.5 percent has helped
the yield spread between two-year U.S. and Japanese debt widen to
the most in five weeks.
Read more at Bloomberg Currencies News
against the dollar on speculation Japanese investors will snap up
new investment trusts that buy higher-yielding overseas assets as
companies pay out June employee bonuses.
Fund management companies and banks from today to June 1
will market 1.4 trillion yen ($11.5 billion) of investment
products aimed at foreign securities, according to data compiled
by Bloomberg. Japan's benchmark rate of 0.5 percent has helped
the yield spread between two-year U.S. and Japanese debt widen to
the most in five weeks.
Read more at Bloomberg Currencies News
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