The Democratic Party of Japan Will Oppose Iwata for Deputy Governor of the Central Bank, Currencies and Commodities Take Notice

“The euro weakened, commodities retreated and U.S. equity futures fell. The yen strengthened after an opposition lawmaker said the Democratic Party of Japan would oppose the nomination of Kikuo Iwata for deputy governor of the central bank, damping bets for greater monetary stimulus.

The 17-nation shared euro slid 0.3 percent to $1.3010 at 9:33 a.m. London time. Standard & Poor’s 500 Index futures slipped 0.1 percent, while the Stoxx Europe 600 Index (SXXP) rose 0.3 percent. Soybeans dropped on signs that demand for the U.S. crop may be waning, and the Hungarian forint retreated 0.7 percent versus the euro, falling to a nine-month low, as inflation slowed. The yen climbed against all of its 16 major peers, rising most against the rand….”

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