Monday, May 28, 2007

Yen Strengthens Against Euro After Japanese Government Bond Yields Rise

(Bloomberg) -- The yen strengthened against the euro
after better-than-expected Japanese unemployment and household
spending data pushed yields on five-year government debt to the
highest since August.

The yen rose to 163.12 against the euro at 11:01 a.m. in
Tokyo from 163.73 late yesterday in New York. Against the dollar,
it climbed to 121.48 from 121.71.


Read more at Bloomberg Currencies News

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