Yen May Extend Gains Against Dollar on Durable Goods Report in the U.S.

(Bloomberg) -- The yen may extend its gains versus
the dollar for a third day, giving the currency its longest
winning streak in almost three weeks, as a report is forecast to
show durable goods orders declined last month in the U.S.

Japan's yen might accelerate its rally against the euro
after data that is forecast to show Japanese retail sales gained
last month, fueling speculation the Bank of Japan may lift
borrowing costs. The yen rose yesterday after Japan's Finance
Minister Koji Omi said investors may be too complacent regarding
the risk of betting against the currency.


Read more at Bloomberg Currencies News