Tuesday, June 19, 2007

Yen May Gain Before Minutes That Might Show Bias to Increase Interest Rate

(Bloomberg) -- The yen may rise versus the dollar as
the release of the Bank of Japan's May 17 minutes might show some
policy makers wanted to increase interest rates.

The central bank has kept benchmark borrowing costs at 0.5
percent, the lowest among major economies, since February. A
government report today may show second-quarter business
confidence among Japan's manufacturers declined to the lowest in
a year.


Read more at Bloomberg Currencies News

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