The yen depreciated to its weakest level in 2 1/2 years against the dollar and euro amid speculation Prime Minister Shinzo Abe will select a new Bank of Japan governor who will boost monetary stimulus.
Japan’s currency headed for 12th weekly decline versus the dollar as a report showed the jobless rate climbed and household spending fell. The euro strengthened for a fourth day against the greenback as data showed manufacturing in the 17-nation region shrank less in January than earlier estimated. The krona rose to a five-month high as Sweden’s manufacturing improved in December. The Dollar Index fell before a report that economists said will show U.S. employers added more workers.