(Bloomberg) -- The yen gained the most in more than
two months versus the dollar after Japan's Finance Minister Koji
Omi said investors are taking risks in one-way bets against the
currency.
Japan's yen rose versus all 16 of the most-active currencies
tracked by Bloomberg after Omi told reporters in Tokyo that
``disorderly moves of foreign exchange rates are undesirable.''
The remarks were aimed at discouraging investors who borrow yen
to buy higher-yielding assets in carry trades. The currency was
higher versus the dollar after U.S. reports showed consumer
confidence and new-home sales declined.
Read more at Bloomberg Currencies News
two months versus the dollar after Japan's Finance Minister Koji
Omi said investors are taking risks in one-way bets against the
currency.
Japan's yen rose versus all 16 of the most-active currencies
tracked by Bloomberg after Omi told reporters in Tokyo that
``disorderly moves of foreign exchange rates are undesirable.''
The remarks were aimed at discouraging investors who borrow yen
to buy higher-yielding assets in carry trades. The currency was
higher versus the dollar after U.S. reports showed consumer
confidence and new-home sales declined.
Read more at Bloomberg Currencies News
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