The yen briefly weakened to a one-month low in the mid-132 range against the U.S. dollar early Monday in Tokyo, after a report that the Japanese government has approached Bank of Japan deputy chief Masayoshi Amamiya as a possible successor to the central bank chief.
The yen, which tumbled against the dollar late last week after stronger-than-expected U.S. employment data, lost further ground on the view that Amamiya would stick to the current monetary easing policy pursued by Governor Haruhiko Kuroda, analysts said.
At 9 a.m., the dollar fetched 132.06-07 yen compared with 131.15-25 yen in New York and 128.59-62 yen in Tokyo at 5 p.m. Friday.
The euro was quoted at $1.0787-0791 and 142.45-52 yen against $1.0790-0800 and 141.60-70 yen in New York and $1.0899-0900 and 140.16-20 yen in Tokyo late Friday afternoon.
Tokyo stocks opened higher, as exporters rose on the yen's weakness.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 229.08 points, or 0.83 percent, from Friday to 27,738.54. The broader Topix index was up 13.89 points, or 0.70 percent, at 1,984.15.
