(Bloomberg) -- The U.K. pound fell against the yen from its highest in a month and a half on concern Group of Seven policy makers meeting today will say weakness in the Japanese currency is unwarranted.
The yen gained against the dollar and euro yesterday after European Central Bank President Jean-Claude Trichet said the currency doesn't reflect the strength of the Japanese economy. His comments echoed those of G-7 central bankers and finance ministers two months ago. The pound rose against the yen and the dollar this week on expectations the U.K. central bank will raise interest rates.
Read more at Bloomberg Currencies News
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