(Bloomberg) -- The yen fell to a 4 1/2-year low
against the dollar on speculation Japan's lower interest rates
will encourage investors to borrow the currency to fund purchases
of higher-yielding assets, known as carry trades.
Japan's currency this week fell to a record low versus the
euro, the weakest since September 1992 against the British pound
and a two-decade low versus New Zealand's dollar, on signs the
Bank of Japan will raise borrowing costs slowly.
Read more at Bloomberg Currencies News
against the dollar on speculation Japan's lower interest rates
will encourage investors to borrow the currency to fund purchases
of higher-yielding assets, known as carry trades.
Japan's currency this week fell to a record low versus the
euro, the weakest since September 1992 against the British pound
and a two-decade low versus New Zealand's dollar, on signs the
Bank of Japan will raise borrowing costs slowly.
Read more at Bloomberg Currencies News
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