(Bloomberg) -- The yen slumped the most
against the dollar since January as Bank of Japan Governor
Toshihiko Fukui said the central bank needed to be ``more
confident'' about price increases before raising rates.
Japan's currency reached an all-time low against the
euro as the yield advantage of 10-year German bunds and
comparable Japanese notes expanded to the widest in three
years. Treasury yields pulled back from five-year highs
reached this week as a government report showed core
consumer inflation abated.
Read more at Bloomberg Currencies News
against the dollar since January as Bank of Japan Governor
Toshihiko Fukui said the central bank needed to be ``more
confident'' about price increases before raising rates.
Japan's currency reached an all-time low against the
euro as the yield advantage of 10-year German bunds and
comparable Japanese notes expanded to the widest in three
years. Treasury yields pulled back from five-year highs
reached this week as a government report showed core
consumer inflation abated.
Read more at Bloomberg Currencies News
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