(Bloomberg) -- The yen headed for a fourth weekly drop against the dollar as signs of weakening growth are likely to keep The Bank of Japan from lifting borrowing costs anytime soon.
The yen has fallen against 14 of the 16 most-traded currencies this week as the BOJ yesterday held interest rates at 0.5 percent, the lowest among major economies, the same day a report showed Japan's growth slowed in the first quarter. The currency traded at a three-month low versus the dollar and reached a record low against the euro this week as the two-year bond spread with the U.S. and Germany widened.
Read more at Bloomberg Currencies News
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