Yen jumps after panel calls for Bank of Japan course change

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.