Yen Weakens as Lower House Approves Kuroda; Aussie Strengthens

Posted by Forexsq 990 days ago (
img The yen weakened for a second day against the dollar after the lower house of parliament endorsed Haruhiko Kuroda, an advocate of increased stimulus, as the next central bank governor.

Japan’s currency declined against 13 of its 16 major counterparts as Kuroda’s approval cleared the first hurdle in Prime Minister Shinzo Abe’s plan to install a central bank leadership in favor of more monetary easing. The Australian dollar strengthened to a one-month high versus the U.S. currency after a report showed payrolls rose the most in almost 13 years, spurring traders to cut bets on interest-rate cuts.


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