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Yen jumps after panel calls for Bank of Japan course change

Market watches for signals from possible BOJ deputy governor candidate

The currency market will weigh forthcoming Bank of Japan nominees' past statements on monetary policy.   © Reuters

TOKYO -- The yen staged a brief rally on Monday after an independent group of policy advisers, including a rumored candidate to become a deputy governor at the Bank of Japan, called for changes to the BOJ's ultraloose monetary policy.

The Japanese currency touched a high of around 129.20 yen to the dollar, strengthening by about 1 yen following recommendations that included setting a longer time frame for reaching stable 2% inflation.

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