(Bloomberg) -- The dollar rose to the highest in 4
1/2 years against the yen on expectations a U.S. report today
will show faster inflation and as the extra yield investors earn
on Treasuries over Japanese debt widened.
The dollar has risen 3.3 percent against the yen this year
as traders reduced bets on lower U.S. interest rates, causing the
10-year yield spread with Japan to widen almost a quarter point.
Traders also expect the Bank of Japan to keep its key borrowing
cost at the lowest among major economies tomorrow.
Read more at Bloomberg Currencies News
1/2 years against the yen on expectations a U.S. report today
will show faster inflation and as the extra yield investors earn
on Treasuries over Japanese debt widened.
The dollar has risen 3.3 percent against the yen this year
as traders reduced bets on lower U.S. interest rates, causing the
10-year yield spread with Japan to widen almost a quarter point.
Traders also expect the Bank of Japan to keep its key borrowing
cost at the lowest among major economies tomorrow.
Read more at Bloomberg Currencies News
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