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Yen hits 2-month low on BOJ nominee's easing stance, U.S. inflation

Kazuo Ueda's remarks seen as favoring status quo at Bank of Japan

The yen weakened against the dollar on Feb. 24 on signs the gap between Japanese and U.S. interest rates will continue to widen.   © Reuters

TOKYO -- The yen slipped to a two-month low against the dollar on Friday, weighed down by a signal to continue monetary easing from the nominee for Bank of Japan governor, as well as strong U.S. inflation data.

Japan's currency touched the 136-yen level against the dollar, nearly 2 yen weaker than the mid-134-yen range where it was trading before remarks by Kazuo Ueda, the government's choice to lead the central bank.

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