The yen may fall a third consecutive day against the dollar and euro on speculation the Bank of Japan will hold borrowing costs steady, maintaining the yield advantage of German and U.S. benchmark government debt.

Japan’s benchmark lending rate of 0.5 percent is the lowest among the world’s major economies, encouraging investors to borrow in the yen to buy higher-yielding assets overseas. A U.S. government report today is forecast by economists to show consumer prices accelerated last month, which may prompt traders to further reduce bets that the Federal Reserve will cut rates. (Bloomberg News)