off-the-wire

Yen strengthens as Kazuo Ueda likely to be nominated BOJ governor

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 10 (Reuters) - The yen strengthened broadly on Friday after the Nikkei reported that the Japanese government was set to nominate Kazuo Ueda as the Bank of Japan's next governor.


The yen strengthened by as much as 0.7% to 130.59 per dollar. It was last up 0.4% at 131.08 per dollar. The euro fell 0.5% to 140.59 yen and the Australian dollar fell 0.4% to 90.82 yen.


Ueda is an economist and former member of the BOJ's Policy Board.
(Reporting by Samuel Indyk; Editing by Amanda Cooper)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.