Bloomberg (13/3) - The yen
strengthened for a second day against the dollar as a lack of unity
among Japanese lawmakers for the government’s picks to run the Bank of
Japan (8301) damped speculation for accelerated monetary easing.
Japan’s
currency rose versus all 16 of its major peers and bullish bets on the
yen in the options market climbed to a nine- month high after the
largest opposition party said yesterday it would vote against BOJ deputy
governor nominee Kikuo Iwata, an advocate of quantitative easing.
The
yen has still tumbled 9.2 percent against the dollar this year. The
Dollar Index fell before the U.S. releases retail-sales data for
February.
The yen rose 0.5 percent to 95.57 per dollar at 8:02
a.m. in London after gaining 0.2 percent yesterday. Japan’s currency
strengthened 0.4 percent to 124.75 per euro. The dollar weakened 0.2
percent to $1.3054 per euro.
http://www.bloomberg.com/news/2013-03-12/yen-rises-before-japan-opposition-announces-boj-nominee-stance.html
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