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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Yen Weakens as Lower House Approves Kuroda; Aussie Strengthens
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.
