(Bloomberg) -- The yen may set a record low against
the euro for a third day this week as a surge in global stocks
signaled that investors are taking on risky bets, including so-
called carry trades.
Japan's currency may extend its losses as investors resume
selling the yen to fund carry-trade purchases of assets in
countries with higher yields. Asian shares traded in the U.S.
rose yesterday, suggesting the region will extend the global
rally. Two of the three major U.S. benchmarks set record highs.
Read more at Bloomberg Currencies News
the euro for a third day this week as a surge in global stocks
signaled that investors are taking on risky bets, including so-
called carry trades.
Japan's currency may extend its losses as investors resume
selling the yen to fund carry-trade purchases of assets in
countries with higher yields. Asian shares traded in the U.S.
rose yesterday, suggesting the region will extend the global
rally. Two of the three major U.S. benchmarks set record highs.
Read more at Bloomberg Currencies News
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