(Bloomberg) -- The yen gained for a second day against the euro as traders increased their bets that the Bank of Japan will raise interest rates.
The Japanese yen advanced against all of the world's 16 most- active currencies amid expectations the BOJ will raise its forecast for economic growth this week. Futures trading indicates investors added to wagers on higher Japanese borrowing costs. Traders are betting on a reduction by the Federal Reserve this year before U.S. reports today that may show economic growth will slow further.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment