(Bloomberg) -- The yen rebounded from a record low against the euro and gained the most versus the dollar in two weeks on speculation Group of Seven finance ministers will suggest a recent slump in Japan's currency has gone too far.
The yen pared losses that made it the worst performing of the 16 most-actively traded currencies in the past month before G-7 officials meet today in Washington. Its weakness against the euro makes European exporters less competitive with rivals from Japan. European Central Bank President Jean-Claude Trichet said yesterday that the yen should reflect Japan's economic recovery.
Read more at Bloomberg Currencies News
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