Yen May Fall to Record Versus Euro as Japanese Prices Forecast to Decline

(Bloomberg) -- The yen may fall to a record against
the euro for a second day as a Japanese government report is
forecast to show core consumer prices declined in April from a
year earlier.

A survey may show that business confidence in Germany is the
highest since 1991. The Bank of Japan's 0.5 percent interest
rate, the lowest among major economies, has encouraged investors
to borrow yen to purchase higher-yielding assets overseas in so-
called carry trades.


Read more at Bloomberg Currencies News