Yen Falls as Abe Calls for 2% Inflation Goal; Peso Gains
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The yen fell versus the dollar for the first time in three days, headed back toward a 29-month low, as Prime Minister Shinzo Abe told Bank of Japan governor Masaaki Shirakawa he wants the central bank’s inflation goal doubled.
The Mexican peso and New Zealand’s dollar gained as risk appetite improved. Japan’s currency slid versus all of its 16 most-traded peers after Shirakawa said the BOJ was in close contact with the government, adding to bets policy makers will boost stimulus that tends to debase the yen. The bank meets next week. The euro fell for a second day against the greenback before the European Central Bank meets tomorrow.