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\nJapanese yen steadied on Monday as winner of the ruling Liberal Democratic Party’s (LDP) leadership, Japan’s incoming prime minister Shigeru Ishiba signaled monetary policy should remain accommodative, while commodity currencies were lifted to the year’s highs by investor hopes of a turnaround in China’s economy.<\/p>\n

The yen rose in Asian trading to a one-week high of 141.75 per dollar, but Ishiba’s comments capped the advance.<\/p>\n

The Australian dollar was up 0.5% at a 20-month high of $0.6941 and the New Zealand dollar was up 0.5% to a 14-and-a-half-month high of $0.6375.<\/p>\n

The Chinese currency exceeded seven yuan to the dollar, reaching 7.0129 in domestic trading today.<\/p>\n

67-year-old political expert Shigeru Ishiba will be appointed prime minister of the world’s fourth-largest economy during a special session of Japan’s parliament on Tuesday, replacing outgoing Prime Minister Fumio Kishida.<\/p>\n

Japanese yen steadied on Monday as winner of the ruling Liberal Democratic Party’s (LDP) leadership, Japan’s incoming prime minister Shigeru Ishiba signaled monetary policy should remain accommodative, while commodity currencies were lifted to the yea…<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-279496","post","type-post","status-publish","format-standard","hentry","category-production"],"yoast_head":"\nJapanese Yen Steadies, Commodity Currencies Hit Record Highs - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/japanese-yen-steadies-commodity-currencies-hit-record-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japanese Yen Steadies, Commodity Currencies Hit Record Highs - 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