(Bloomberg) -- The yen dropped to the weakest since
December 2002 against the dollar on speculation rising global
bond yields will entice Japanese investors to send money overseas.
Japan's yen fell against all 16 most-active currencies
Bloomberg tracks, as the central bank will probably hold the key
overnight lending rate at 0.5 percent at the conclusion of a two-
day meeting on June 15, according to all 43 economists surveyed
by Bloomberg News. The yen has weakened 5.6 percent in the past
year as domestic investors sought higher yields elsewhere.
Read more at Bloomberg Currencies News
December 2002 against the dollar on speculation rising global
bond yields will entice Japanese investors to send money overseas.
Japan's yen fell against all 16 most-active currencies
Bloomberg tracks, as the central bank will probably hold the key
overnight lending rate at 0.5 percent at the conclusion of a two-
day meeting on June 15, according to all 43 economists surveyed
by Bloomberg News. The yen has weakened 5.6 percent in the past
year as domestic investors sought higher yields elsewhere.
Read more at Bloomberg Currencies News
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