Bloomberg News

Yen Advances After GPIF Says to Cut Allocation of Domestic Bonds

June 07, 2013

The yen strengthened versus the dollar, after Japan’s Ministry of Health, Labour and Welfare said the Government Pension Investment Fund will cut its allocation to domestic bonds.

The yen advanced 0.6 percent to 96.43 per dollar at 7:09 a.m. London time and climbed 0.4 percent to 127.92 per euro.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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