(Bloomberg) -- The yen traded near the weakest level
in more than four years against the dollar on speculation Japan's
lowest interest rate among major economies spurred investment
funded by loans in the currency.
Japan's yen dropped yesterday as investors put on the so-
called carry trades. A rise in U.S. stocks may spill over into
Asian equities after Merrill Lynch & Co. backed away from a
threat to dump about $850 million of securities it seized from
Bear Stearns Cos. hedge funds, easing concern over losses in the
mortgage bond market.
Read more at Bloomberg Currencies News
in more than four years against the dollar on speculation Japan's
lowest interest rate among major economies spurred investment
funded by loans in the currency.
Japan's yen dropped yesterday as investors put on the so-
called carry trades. A rise in U.S. stocks may spill over into
Asian equities after Merrill Lynch & Co. backed away from a
threat to dump about $850 million of securities it seized from
Bear Stearns Cos. hedge funds, easing concern over losses in the
mortgage bond market.
Read more at Bloomberg Currencies News
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