The pair USD/JPY It briefly broke lower early Thursday as investors eagerly awaited the appointments of the next Bank of Japan Governor.
At the moment there is only one theme for the yen
“Moves in USD/JPY underscore jitters over the obviously imminent nomination of a successor to the outgoing BoJ governor Haruhiko Kuroda. This was caused by the news of possible disagreements among members of the ruling party in the event that the hawk Hirohide Yamaguchi was elected.”
“The first Minister Fumio Kishida stressed yesterday that he was aware of the importance of communicating to the market the appointment of a successor. Today’s reaction illustrates that he can only lose.”
“It is probable that the appointment, which is expected next week, disrupt yen exchange rates quite a bit, regardless of which candidate comes out as favorite.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
