Yen hits 1-month low vs. dollar after report over next BOJ chief


The yen briefly weakened to a one-month low in the mid-132 range against the U.S. dollar early Monday in Tokyo, after a report that the Japanese government has approached Bank of Japan deputy chief Masayoshi Amamiya as a possible successor to the central bank chief.

The yen, which tumbled against the dollar late last week after stronger-than-expected U.S. employment data, lost further ground on the view that Amamiya would stick to the current monetary easing policy pursued by Governor Haruhiko Kuroda, analysts said.

At 9 a.m., the dollar fetched 132.06-07 yen compared with 131.15-25 yen in New...

Kyodo News

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