(Bloomberg) -- The yen may fall as Japanese employees
invest their June bonuses overseas, said Tohru Sasaki, chief
currency strategist at JPMorgan Chase & Co. in Tokyo.
Japanese companies including Toyota Motor Corp., the world's
largest automaker, will probably pay about 13 trillion yen
($106.9 billion) of bonuses to their workers next month, Sasaki
estimated. The yen is the worst performer this quarter among 71
of the world's currencies, dropping 3.1 percent.
Read more at Bloomberg Currencies News
invest their June bonuses overseas, said Tohru Sasaki, chief
currency strategist at JPMorgan Chase & Co. in Tokyo.
Japanese companies including Toyota Motor Corp., the world's
largest automaker, will probably pay about 13 trillion yen
($106.9 billion) of bonuses to their workers next month, Sasaki
estimated. The yen is the worst performer this quarter among 71
of the world's currencies, dropping 3.1 percent.
Read more at Bloomberg Currencies News
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