ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Currencies

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more