(Bloomberg) -- The yen traded little changed, near a
record low against the euro, before a Japanese government report
this week that is forecast to show core consumer prices declined
in April from a year earlier.
The Japanese currency's risk-reversal rate to the euro rose,
approaching levels before the Feb. 27 global stock market rout, on
speculation investors are less willing to weaken the yen. Japan's
0.5 percent interest rate, the lowest among major economies, has
encouraged investors to borrow yen to purchase higher-yielding
assets overseas in so-called carry trades.
Read more at Bloomberg Currencies News
record low against the euro, before a Japanese government report
this week that is forecast to show core consumer prices declined
in April from a year earlier.
The Japanese currency's risk-reversal rate to the euro rose,
approaching levels before the Feb. 27 global stock market rout, on
speculation investors are less willing to weaken the yen. Japan's
0.5 percent interest rate, the lowest among major economies, has
encouraged investors to borrow yen to purchase higher-yielding
assets overseas in so-called carry trades.
Read more at Bloomberg Currencies News
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