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20 Feb 2013
Forex Flash: Local press play down Muto as next BoJ Governor - BBH
Brown Brothers Harriman analysts note that the local press have started to talk down the chances of Muto becoming the next BoJ Governor.
They comment that as he was perceived as the least dovish of the top contenders, his reduced chances initially weighed on the yen, from which it quickly recovered, perhaps helped by cross rate developments.
They comment that as he was perceived as the least dovish of the top contenders, his reduced chances initially weighed on the yen, from which it quickly recovered, perhaps helped by cross rate developments.