Japanese Yen weakens ahead selection of new central bank governor

Source: Bloomberg
The Japanese Yen was lower by 0.5% to 92.20 per U.S. Dollar by midday in Tokyo trading session on Friday. Today the currency pair touched 92.27 level, which was the weakest Yen's point since June 2010. Investors trade on expectations that Prime Minister will select a new chief governor of the Bank of Japan, who will expand monetary stimulus. Domestic jobless rate increased and household spending shrunk, adding pressure for additional monetary measures to boost economic growth.

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Fri, 01 Feb 2013 12:35:07 GMT

Silver plunges after weak US jobs data

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Fri, 01 Feb 2013 14:23:09 GMT

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