Yen Falls to Lowest Versus Dollar Since 2002 on Treasury Yield Advantage

(Bloomberg) -- The yen fell to the lowest against
the dollar in more than four years on the extra yield investors
earn on Treasuries over Japanese debt.

Japan's currency weakened against all but three of its 16
most active counterparts as traders speculated the Bank of Japan
will keep its benchmark rate at 0.5 percent tomorrow, the lowest
among major economies. A U.S. government report showed producer
prices rose last month more than economists forecast.


Read more at Bloomberg Currencies News