(Bloomberg) -- The yen dropped to a record low
against the euro as Japanese interest rates, the lowest
among major economies, encouraged global investors to buy
higher-yielding assets funded by loans in the currency.
Japan's yen also touched the lowest level in more than
four years versus the dollar on the so-called carry trades.
It may extend its losses next week as reports are forecast
to show consumer prices declined and spending weakened,
which may keep the Bank of Japan from lifting borrowing
costs at a faster pace.
Read more at Bloomberg Currencies News
against the euro as Japanese interest rates, the lowest
among major economies, encouraged global investors to buy
higher-yielding assets funded by loans in the currency.
Japan's yen also touched the lowest level in more than
four years versus the dollar on the so-called carry trades.
It may extend its losses next week as reports are forecast
to show consumer prices declined and spending weakened,
which may keep the Bank of Japan from lifting borrowing
costs at a faster pace.
Read more at Bloomberg Currencies News
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