(Bloomberg) -- The yen may extend gains from a
record low versus the euro as a report today is forecast to show
Japanese retail sales accelerated last month, fueling speculation
the Bank of Japan might boost borrowing costs.
Japan's currency may gain for a second day versus the dollar
for the first time in more than two weeks on speculation
investors will pare the so-called carry trades, in which they buy
higher-yielding assets overseas funded by loans in the yen. A
report tomorrow might show Japanese industrial production rose
last month after falling in April.
Read more at Bloomberg Currencies News
record low versus the euro as a report today is forecast to show
Japanese retail sales accelerated last month, fueling speculation
the Bank of Japan might boost borrowing costs.
Japan's currency may gain for a second day versus the dollar
for the first time in more than two weeks on speculation
investors will pare the so-called carry trades, in which they buy
higher-yielding assets overseas funded by loans in the yen. A
report tomorrow might show Japanese industrial production rose
last month after falling in April.
Read more at Bloomberg Currencies News
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