“The Japanese yen weakened to the lowest since April 2011 amid expectations Japan’s new government will push for more cash infusions to bolster the economy. Oil and U.S. stock-index futures advanced.
The yen retreated 0.7 percent to 85.37 per dollar as of 7:20 a.m. in New York and has fallen against all but nine currencies this year. Crude climbed 0.6 percent and copper added 0.6 percent. Standard & Poor’s 500 Index futures rose 0.2 percent and U.S. Treasuries were little changed. Japanese stocks advanced to nine-month highs and bonds declined with the parliamentary approval of Shinzo Abe as the country’s premier…”
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