(Bloomberg) -- The yen weakened to a record low
against the euro as the extra yield investors earn on European
bonds over Japanese notes widened to the most in five years.
Japan's currency also reached a 15-year low against the
Australian dollar and a 19-year low against the New Zealand
dollar, paring gains made after traders said the Reserve Bank of
New Zealand intervened. The yield difference, or spread, between
two-year German and Japanese debt expanded to the most since
August 2002, boosting the appeal of euro-denominated assets.
Japan has the lowest interest rates of any major economy.
Read more at Bloomberg Currencies News
against the euro as the extra yield investors earn on European
bonds over Japanese notes widened to the most in five years.
Japan's currency also reached a 15-year low against the
Australian dollar and a 19-year low against the New Zealand
dollar, paring gains made after traders said the Reserve Bank of
New Zealand intervened. The yield difference, or spread, between
two-year German and Japanese debt expanded to the most since
August 2002, boosting the appeal of euro-denominated assets.
Japan has the lowest interest rates of any major economy.
Read more at Bloomberg Currencies News
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