(Reuters) - The yen fell broadly on Friday, posting sharp losses against high-yielding currencies as rising global interest rates prompted Japanese investors to dump the yen and buy more foreign assets.
The yen slipped even as a spike in bond yields pushed most stock markets in Asia down more than 1 percent, and traders were bracing for a yen recovery if investors cut back in risky positions like carry trades on a further drop in European shares.
Read more at Reuters Africa
The yen slipped even as a spike in bond yields pushed most stock markets in Asia down more than 1 percent, and traders were bracing for a yen recovery if investors cut back in risky positions like carry trades on a further drop in European shares.
Read more at Reuters Africa
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