(Reuters) - Traders said falls in the euro and sterling against the dollar after key central bank meetings this week also prompted investors to sell those currencies against the yen.
"A fall in the euro looked to be a catalyst for the broad yen buybacks. But we don't know yet if this is only a part of an adjustment in yen short positions or the beginning of a new trend," said Takeshi Iba, head of the forex department at Calyon bank in Tokyo.
Read more at Reuters.com Hot Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment