Monday, June 25, 2007

Yen gains as Japan's Omi warns of one-way bets

(Reuters) - The comments by Koji Omi echoed remarks by officials at Group of Seven meetings in the past year referring to carry trades and suggested some concern about the pace of the yen's slide.




Omi's remarks also come as investors have fretted about whether authorities in Switzerland and Taiwan were trying to spook the market from using their currencies in carry trades by pushing short-term interest rates higher.


Read more at Reuters.com Hot Stocks News

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