Yen May Fall as Bank of Japan Minutes Might Indicate No Change in Rates

(Bloomberg) -- The yen may decline as minutes from a
Bank of Japan meeting last month might show the central bank is
reluctant to accelerate the pace of interest-rate increases.

Policy makers on April 26-27 cut Japan's inflation forecast
to near zero and kept benchmark borrowing costs the lowest among
major nations. A government report on May 24 is forecast to show
consumer prices were unchanged in April. Japan's interest rate,
at 0.5 percent since February, encourages investors to borrow its
currency to fund purchases of higher-yielding assets, a practice
known as the carry trade.


Read more at Bloomberg Currencies News