Yen Tumbles on Report Dove Amamiya to be BoJ Governor; Stocks Lower as Sentiment Persists; RBA Expected to Hike Rates
The Japanese Yen fell on reports that Masayoshi Amamiya has been tapped by the Japanese government to replace Kuroda Amamiya is a known dove and would be expected to maintain the Bank’s recent ultra-loose monetary policy.
This expectation saw the Yen trade lower, and it is now the weakest currency in the Forex market, while the Australian Yen is the strongest, putting Friday’s market sentiment seems to have persisted into the new week, with stocks continuing to trade lower and the US Dollar maintaining its recent strength
. Friday’s very strong NFP data has pushed market opinion back towards the view there will be more rate hikes by the US Federal Reserve later this year, after the FOMC meeting Wednesday had begun to convince markets the current cycle of rate hikes had completed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A BoJ Amamiya nomination could be bearish for then YenBloomberg has reported that should Masayoshi Amamiya become the next Bank of Japan governor, it would be bullish for bonds and weigh on the yen and lo
Read more »
Japan government has sounded out Amamiya about becoming BOJ governor -NikkeiJapan's government has sounded out Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources.
Read more »
Japan sounds out BoJ deputy Amamiya for central bank governorThe Nikkei reported that Japan's government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief H
Read more »
Japan’s Suzuki: Have not heard anything about nomination of Amamiya as BoJ Governor“I have not heard anything about nomination of Amamiya as BoJ Governor,” said Japan's Finance Minister Shunichi Suzuki per Reuters. Also read: Japan s
Read more »
Japan government has sounded out Amamiya about becoming BOJ governor, Nikkei reportsJapan's government has sounded out Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources.
Read more »
EUR/JPY recovers from 142.00 as Japan approaches BOJ Amamiya to handle monetary policyThe EUR/JPY pair has displayed a sharp recovery move after correcting to near 142.00 in the Asian session. The cross has recovered to near its intrada
Read more »