(Bloomberg) -- The yen headed for the biggest
quarterly loss against the dollar since 2001 before reports that
are forecast to show falling prices and slowing consumption in
Japan.
The data may raise speculation the Bank of Japan will
refrain from raising borrowing costs, encouraging investors to
look overseas to buy higher-yielding assets funded by loans in
yen, in a practice known as the carry trade. The yen has dropped
this quarter against all 16 major currencies tracked by
Bloomberg.
Read more at Bloomberg Currencies News
quarterly loss against the dollar since 2001 before reports that
are forecast to show falling prices and slowing consumption in
Japan.
The data may raise speculation the Bank of Japan will
refrain from raising borrowing costs, encouraging investors to
look overseas to buy higher-yielding assets funded by loans in
yen, in a practice known as the carry trade. The yen has dropped
this quarter against all 16 major currencies tracked by
Bloomberg.
Read more at Bloomberg Currencies News
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