The yen skidded to a 33-month low on Monday on reports that an advocate of aggressive monetary easing could soon head the Bank of Japan, while sterling was broadly lower following Moody's downgrade of Britain's prized triple-A sovereign rating. The Nikkei newspaper reported the Japanese government is likely to nominate Haruhiko Kuroda and Kikuo Iwata, both vocal advocates of aggressive monetary expansion, as BOJ governor and deputy governor. "Kuroda is a fan of a weaker yen and of deflation-bashing," said Kit Juckes, strategist at Societe Generale. Not surprisingly, the report prompted investors to take a fresh ... (full story)