(Bloomberg) -- The dollar may gain against the yen on
a report that's forecast to show consumer confidence in the
world's biggest economy is improving, making a Federal Reserve
interest-rate cut less likely.
The yen traded near a three-month low before government
figures that will probably show retail sales fell for a second
month in April, making it more difficult for the Bank of Japan to
raise borrowing costs. The dollar has gained 1.9 percent this
month versus the yen as traders pared bets the rate spread with
Japan will narrow.
Read more at Bloomberg Currencies News
a report that's forecast to show consumer confidence in the
world's biggest economy is improving, making a Federal Reserve
interest-rate cut less likely.
The yen traded near a three-month low before government
figures that will probably show retail sales fell for a second
month in April, making it more difficult for the Bank of Japan to
raise borrowing costs. The dollar has gained 1.9 percent this
month versus the yen as traders pared bets the rate spread with
Japan will narrow.
Read more at Bloomberg Currencies News
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