(Bloomberg) -- The dollar rose to the highest
against the yen in more than four years as the extra yield
investors earn on Treasuries over Japanese debt widened.
Traders increased bets that the Federal Reserve will hold
borrowing costs steady this year after a government report
showed producer prices rose last month more than economists
forecast. The U.S. currency rose above 123 yen for the first
time since December 2002.
Read more at Bloomberg Currencies News
against the yen in more than four years as the extra yield
investors earn on Treasuries over Japanese debt widened.
Traders increased bets that the Federal Reserve will hold
borrowing costs steady this year after a government report
showed producer prices rose last month more than economists
forecast. The U.S. currency rose above 123 yen for the first
time since December 2002.
Read more at Bloomberg Currencies News
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