(Bloomberg) -- The euro may reach a record against
the yen as investors are attracted to Europe's interest-rate
premium over Japan, which is likely to widen.
The currency has gained 4.2 percent against the yen this
year on Europe's 3.25 percent rate advantage over Japan. European
Central Bank President Jean-Claude Trichet signaled he is likely
to raise the cost of borrowing next month, widening the rate
premium with Japan. The spread between German and Japanese bond
yields is close to the most in five years.
Read more at Bloomberg Currencies News
the yen as investors are attracted to Europe's interest-rate
premium over Japan, which is likely to widen.
The currency has gained 4.2 percent against the yen this
year on Europe's 3.25 percent rate advantage over Japan. European
Central Bank President Jean-Claude Trichet signaled he is likely
to raise the cost of borrowing next month, widening the rate
premium with Japan. The spread between German and Japanese bond
yields is close to the most in five years.
Read more at Bloomberg Currencies News
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