Yen faces more hassle as incoming BoJ governor Ueda torpedoes hopes of coverage pivot
By Yasin Ebrahim Investing.com — The yen suffered a rout against the dollar Friday and now is likely staring down the barrel of more pain after Bank of Japan Governor-in-waiting Kazuo Ueda torpedoed bets for a policy pivot under his regime and backed the central bank’s current dovish monetary policy measures amid expectations that four-decade high inflation