Yen Poised for Weekly Loss Against Most Major Peers

Posted by Forexsq 1349 days ago (
img - The yen headed for a weekly drop against most major peers as signs of growth in the U.S. and prospects for further stimulus by the Bank of Japan (8301) prompted investors to seek higher-yielding assets.

The greenback was poised for a five-day advance against the euro before U.S. data today forecast to show industrial production increased and consumer sentiment improved. The won rose for the first time in three days as stock exchange figures showed foreign investors were net purchasers of South Korean shares. The yuan advanced, paring a weekly decline, after the central bank raised the currency’s fixing by the most in a week.

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