(Bloomberg) -- The yen advanced for a third day as a government report showing rising exports increased speculation that the Bank of Japan's semiannual forecasts will indicate plans to raise interest rates.
Japan's currency had fallen to a record low against the euro earlier this month as the central bank's benchmark rate, the lowest in the industrialized world, encouraged investors to enter carry trades by borrowing the currency to fund purchases of high-yielding assets. Data today showed the trade surplus widened to a record, underscoring the strength of the world's second-largest economy.
Read more at Bloomberg Currencies News
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