(Bloomberg) -- The yen may gain for a fourth day
against the euro and dollar on speculation investors will pare
riskier assets amid concern about a slumping U.S. housing market.
Investors this week have reduced the so-called carry trades,
in which they borrow yen to buy higher-yielding assets in stocks
and emerging-market debt, as the risk of defaults on U.S.
subprime mortgages increases. Data is forecast to show Japan's
industrial production gained in May, which may add to yen buying.
Read more at Bloomberg Currencies News
against the euro and dollar on speculation investors will pare
riskier assets amid concern about a slumping U.S. housing market.
Investors this week have reduced the so-called carry trades,
in which they borrow yen to buy higher-yielding assets in stocks
and emerging-market debt, as the risk of defaults on U.S.
subprime mortgages increases. Data is forecast to show Japan's
industrial production gained in May, which may add to yen buying.
Read more at Bloomberg Currencies News
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