(Bloomberg) -- The yen was little changed before a
Bank of Japan policy meeting that will probably leave the
benchmark interest rate unchanged at 0.5 percent, the lowest
among major economies.
The currency traded near a record low against the euro as
traders borrow in Japan to fund investments in higher-yielding
assets, known as carry trades. The central bank should consider
risks to economic growth when deciding whether to raise rates,
Chief Cabinet Secretary Yasuhisa Shiozaki said July 10.
Read more at Bloomberg Currencies News
Bank of Japan policy meeting that will probably leave the
benchmark interest rate unchanged at 0.5 percent, the lowest
among major economies.
The currency traded near a record low against the euro as
traders borrow in Japan to fund investments in higher-yielding
assets, known as carry trades. The central bank should consider
risks to economic growth when deciding whether to raise rates,
Chief Cabinet Secretary Yasuhisa Shiozaki said July 10.
Read more at Bloomberg Currencies News
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