(Bloomberg) -- The yen will drop to 125 per dollar
by year-end as the lowest interest rate among major economies
prompts Japanese investors to buy higher-yielding assets
elsewhere, said Daisaku Ueno at Nomura Securities Co.
The yen has weakened against the 16 most-traded currencies
this year as investors shunned Japan's 0.5 percent benchmark rate
and sent money overseas. Speculators such as hedge funds also
borrowed yen to invest in countries with higher yields in a
practice known as the carry trade.
Read more at Bloomberg Currencies News
by year-end as the lowest interest rate among major economies
prompts Japanese investors to buy higher-yielding assets
elsewhere, said Daisaku Ueno at Nomura Securities Co.
The yen has weakened against the 16 most-traded currencies
this year as investors shunned Japan's 0.5 percent benchmark rate
and sent money overseas. Speculators such as hedge funds also
borrowed yen to invest in countries with higher yields in a
practice known as the carry trade.
Read more at Bloomberg Currencies News
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