(Bloomberg) -- The yen rebounded from a record low
versus the euro after Chinese stocks slumped and investors sold
emerging-market assets bought with money borrowed in Japan.
Japan's yen rose against 14 of the 16 most actively traded
currencies after China increased a tax on securities transactions
to stem a rally in shares. The yen has fallen 4 percent versus the
euro and 2.2 percent against the dollar this year as investors
take advantage of the lowest interest rate of the major economies
to fund investment in higher-yielding assets elsewhere.
Read more at Bloomberg Currencies News
versus the euro after Chinese stocks slumped and investors sold
emerging-market assets bought with money borrowed in Japan.
Japan's yen rose against 14 of the 16 most actively traded
currencies after China increased a tax on securities transactions
to stem a rally in shares. The yen has fallen 4 percent versus the
euro and 2.2 percent against the dollar this year as investors
take advantage of the lowest interest rate of the major economies
to fund investment in higher-yielding assets elsewhere.
Read more at Bloomberg Currencies News
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