(Bloomberg) -- The yen fell on speculation profit
growth will support stock prices, prompting investors to borrow
in Japan and buy equities elsewhere.
The yen slid against all 16 most-active currencies this week
as investors added to so-called carry trades, taking advantage of
Japan's interest rate, the lowest among industrialized nations.
The Japanese currency also dropped after China raised rates to
cool economic growth, prompting speculation demand for Japanese
exports in its third-largest market will slow.
Read more at Bloomberg Currencies News
growth will support stock prices, prompting investors to borrow
in Japan and buy equities elsewhere.
The yen slid against all 16 most-active currencies this week
as investors added to so-called carry trades, taking advantage of
Japan's interest rate, the lowest among industrialized nations.
The Japanese currency also dropped after China raised rates to
cool economic growth, prompting speculation demand for Japanese
exports in its third-largest market will slow.
Read more at Bloomberg Currencies News
No comments:
Post a Comment