February 05, 2023 21:04 GMT
Falls On Amamiya For BoJ Governor Report
USD/JPY has surged in early Asia Pac trade amid reports that BoJ Deputy Governor Amamiya is being sounded out by the Government to take over as Governor when Kuroda's term ends (see the Nikkei report here). The government is reportedly in the final stages of its nomination plans. Earlier Japan Prime Minister Kishida stated the nomination will come this month.
- USD/JPY currently tracks just below session highs (132.49), last around 132.35/40. This is +0.90% above NY closing levels from Friday (131.19).
- On the topside, the 50-day EMA comes in around 133.00, while the Jan 11 high is at 132.87. The pair broke above the 20-day EMA on Friday post the US non-farm payrolls data.