The dollar held firm on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer, while the yen was hit by news that Bank of Japan Deputy Governor Masayoshi Amamiya was being sounded out to be the next governor.
The BOJ's loose policy settings have drawn increasing criticism from many quarters, including opposition politicians and traders, for distorting market function.
The Fed on Wednesday raised rates by 25 basis points and said it had turned a corner in the fight against inflation, leading investors to price in a more dovish path going forward.in January have investors questioning that the Fed is almost done with its monetary tightening policy. Citi strategists said Fed Chair Jerome Powell and the broader committee are increasingly enthusiastic about the possibility of a "But Friday's report, Citi said, should make the Fed even more concerned that labour markets are too tight to be consistent with at-target inflation.
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