Wednesday, June 20, 2007

Low yield keeps yen near 4-1/2-yr low vs dollar

(Reuters) - "The basic trend of currencies with prospects of rising interest rates strengthening remains intact," said Nobuo Ibaraki, a forex manager at Nomura Trust and Banking.




The Bank of Japan is also expected to boost interest rates as early as August, but the yen is pressured as interest rate differences with other countries remain wide and keep Japanese investor appetite for higher-yielding foreign assets, he said.


Read more at Reuters.com Hot Stocks News

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