Tuesday, July 10, 2007

Yen May Extend Gain Against Dollar on Prices, Interest-Rate Speculation

(Bloomberg) -- The yen may gain versus the dollar
for a second day before a report that is forecast to show June
wholesale prices in Japan rose the most in six months.

Japan's yen may extend its rebound versus the euro before
the nation's central bank issues its interest-rate announcement
tomorrow. The Bank of Japan might signal an August increase from
0.5 percent, the lowest rate among major economies. The yield
advantage of the 10-year U.S. Treasury note over a comparable-
maturity Japanese security fell the most in a month yesterday.


Read more at Bloomberg Currencies News

No comments: