By Rae Wee
SINGAPORE (Reuters) -The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned, while the dollar was nursing losses after tumbling on a weak U.S. jobs report that cemented expectations for a Federal Reserve rate cut this month.
Ishiba on Sunday announced his resignation, ushering in a potentially lengthy period of policy uncertainty at a shaky moment for the world’s fourth-largest economy.
The yen slumped in response in early Asia trade on Monday, falling 0.7% against the dollar to 148.43.
The Japanese currency similarly slid more than 0.5% against the euro and sterling to 173.77 and 200.15, respectively.
Investors are focusing on the chance of Ishiba being replaced by an advocate of looser fiscal and monetary policy, such as Lib