(Bloomberg) -- The yen was little changed before
Bank of Japan Deputy Governor Toshiro Muto gives a speech that
may signal how soon the central bank will raise interest rates.
Japan's currency traded near an all-time low against the
euro and a 4 1/2-year low versus the dollar as investors borrow
yen at the lowest rates in the industrialized world to fund
purchases of higher-yielding assets, known as carry trades.
Minutes released today from BOJ meetings in April and May showed
policy makers agreed that rates can be raised gradually.
Read more at Bloomberg Currencies News
Bank of Japan Deputy Governor Toshiro Muto gives a speech that
may signal how soon the central bank will raise interest rates.
Japan's currency traded near an all-time low against the
euro and a 4 1/2-year low versus the dollar as investors borrow
yen at the lowest rates in the industrialized world to fund
purchases of higher-yielding assets, known as carry trades.
Minutes released today from BOJ meetings in April and May showed
policy makers agreed that rates can be raised gradually.
Read more at Bloomberg Currencies News
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