(Bloomberg) -- The yen may strengthen versus the
euro on expectations a government report will show Japanese
wages rose for the first time in five months, giving the Bank of
Japan more evidence to raise borrowing costs.
``Any data suggested higher earnings or rising prices will
support the yen as we're getting close the July policy
meeting,'' said Mark Meadows, strategist at currency-trading
company Tempus Consulting Inc. in Washington. ``There's a risk
for a significant reversal of the yen to a stronger level as
people pared down their risk appetite.''
Read more at Bloomberg Currencies News
euro on expectations a government report will show Japanese
wages rose for the first time in five months, giving the Bank of
Japan more evidence to raise borrowing costs.
``Any data suggested higher earnings or rising prices will
support the yen as we're getting close the July policy
meeting,'' said Mark Meadows, strategist at currency-trading
company Tempus Consulting Inc. in Washington. ``There's a risk
for a significant reversal of the yen to a stronger level as
people pared down their risk appetite.''
Read more at Bloomberg Currencies News
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