(Bloomberg) -- The yen rose the most in 10 weeks
against the dollar as investors pared holdings of emerging market
bonds and stocks funded by loans in the currency.
Japan's yen gained against the Indonesian rupiah and
Malaysian ringgit after Finance Minister Koji Omi yesterday
stressed the risk of one-way foreign-exchange bets. It also
climbed against the New Zealand dollar after central bank Deputy
Governor Grant Spencer echoed Omi's comments and said traders
should expect further intervention to sell its currency.
Read more at Bloomberg Currencies News
against the dollar as investors pared holdings of emerging market
bonds and stocks funded by loans in the currency.
Japan's yen gained against the Indonesian rupiah and
Malaysian ringgit after Finance Minister Koji Omi yesterday
stressed the risk of one-way foreign-exchange bets. It also
climbed against the New Zealand dollar after central bank Deputy
Governor Grant Spencer echoed Omi's comments and said traders
should expect further intervention to sell its currency.
Read more at Bloomberg Currencies News
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