USD/JPY: Nomination of BoJ Governor to upset the Yen exchange rates quite heavily – Commerzbank USDJPY BOJ Banks
USD/JPY briefly broke out to the downside early Thursday as investors anxiously await nominations for the next Bank of Japan Governor.“Moves in USD/JPY underlines the nervousness regarding the obviously imminent nomination of a successor for the departing governor of theHaruhiko Kuroda. This was caused by reports of possible disagreements amongst members of the governing party should the hawk Hirohide Yamaguchi be elected.
“The nomination, which is expected to take place next week, is likely to upset the Yen exchange rates quite heavily, regardless of which candidate will emerge as the favourite.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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