(Bloomberg) -- The yen gained versus the dollar and
euro after Japan's Finance Minister Koji Omi said investors are
taking risks in one-way bets against the currency.
Japan's yen rose against 15 of the 16 most-active currencies
tracked by Bloomberg, outperformed only by Brazil's real, after
Omi told reporters in Tokyo that ``disorderly moves of foreign
exchange rates are undesirable.'' The remarks were aimed at
discouraging investors who borrow yen to buy higher-yielding
assets in carry trades. The currency pared most of its gains
after U.S. stock indexes reversed declines.
Read more at Bloomberg Currencies News
euro after Japan's Finance Minister Koji Omi said investors are
taking risks in one-way bets against the currency.
Japan's yen rose against 15 of the 16 most-active currencies
tracked by Bloomberg, outperformed only by Brazil's real, after
Omi told reporters in Tokyo that ``disorderly moves of foreign
exchange rates are undesirable.'' The remarks were aimed at
discouraging investors who borrow yen to buy higher-yielding
assets in carry trades. The currency pared most of its gains
after U.S. stock indexes reversed declines.
Read more at Bloomberg Currencies News
No comments:
Post a Comment