Bernanke Strikes First Yen Blow as Yield Gap Rises

Bernanke Strikes First Yen Blow as Yield Gap Rises

Kiyoshi Ota/Bloomberg

“With a possible pickup in the U.S. economy, the dollar is more likely to rise than the yen,” said Jun Kawakami, a market economist at Mizuho Securities Co., one of the 24 primary dealers obliged to bid at Japan’s debt sales.