(Bloomberg) -- The yen gained after Japan's Finance
Minister Koji Omi emphasized the risks to investors of one-way
bets against the currency.
The yen climbed against all 16 most-actively traded
currencies after Omi told reporters in Tokyo that markets should
realize the risks of one-sided foreign-exchange trading and that
disorderly currency moves are undesirable. Japan's currency is
the world's worst performer this quarter as the lowest interest
rate among major economies encouraged investors to put on so-
called carry trades, in which they borrow in yen to buy higher
yielding assets overseas.
Read more at Bloomberg Currencies News
Minister Koji Omi emphasized the risks to investors of one-way
bets against the currency.
The yen climbed against all 16 most-actively traded
currencies after Omi told reporters in Tokyo that markets should
realize the risks of one-sided foreign-exchange trading and that
disorderly currency moves are undesirable. Japan's currency is
the world's worst performer this quarter as the lowest interest
rate among major economies encouraged investors to put on so-
called carry trades, in which they borrow in yen to buy higher
yielding assets overseas.
Read more at Bloomberg Currencies News
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