Japan’s Deputy Chief Cabinet Secretary Yoshihiko Isozaki clarified on Monday that there is “no truth to report Bank of Japan (BoJ) Deputy Gov Amamiya sounded out for the next BoJ governor.

Earlier on, the BoJ came out with a statement, citing that “not in a position to comment on governor nomination report.”

Market reaction

The above comments come to the rescue of the Japanese yen, as USD/JPY drops to test the 132.00 level. The pair is trading at 132.09, still up 0.71% on the day.