Japanese yen jumps on report Kazuo Ueda will be next governor of the central bank

From cnbc.com

The Japanese yen pushed higher against both the euro and U.S. dollar on Friday after a Nikkei report said Kazuo Ueda would be appointed as the Bank of Japan’s next governor. Economist Ueda is a former member of the central bank’s policy board. The dollar fell 1% on the day against the yen to 130.28, around a one-week low, while the euro was also down 1% to 139.9, a three-week low. Ueda would replace Haruhiko Kuroda, whose term started on March 20, 2013, and will end on April 8, 2023. Kuroda has overseen the BOJ’s policy of maintaining its ultra-low interest rates while other major central banks have been hiking ... (full story)