Bank of Japan's new governor pledges to maintain ultra-loose policy, yen weakens.
TL;DR Summary
The yen slid against the dollar as the new Bank of Japan governor, Haruhiko Kuroda, indicated that he would continue with the ultra-loose monetary policy of his predecessor. Kuroda stated that he would maintain the current policy until the 2% inflation target is achieved, which is expected to take some time.
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- Dollar gains on Fed rate hike bets, yen dips on Ueda comments Reuters
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