(Bloomberg) -- The yen gained against the dollar
and the euro on concerns losses on subprime mortgages will
deepen, spurring investors to exit so-called carry trades.
The yen was at 122.06 per dollar at 7:36 a.m. in Tokyo from
122.34 late in New York yesterday. Japan's currency traded at
168.27 per euro from 168.59.
Read more at Bloomberg Currencies News
and the euro on concerns losses on subprime mortgages will
deepen, spurring investors to exit so-called carry trades.
The yen was at 122.06 per dollar at 7:36 a.m. in Tokyo from
122.34 late in New York yesterday. Japan's currency traded at
168.27 per euro from 168.59.
Read more at Bloomberg Currencies News
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