Flash: Bernanke to serve a third term? – Deutsche Bank

FXstreet.com (New York) - With regards to the Fed, the Obama administration is currently compiling a shortlist of candidates to succeed Bernanke when his term ends in January, notes Macro Strategy Analysts J. Reid and C. Tan, at Deutsche Bank.

Names being discussed in the media include current Vice Chair Janet Yellen and former treasury secretaries Larry Summers and Tim Geithner. While there is no front-runner candidate, Obama could try and persuade Bernanke to serve a 3rd four-year term. Past Fed chair nominations have tended to be made anywhere between June and October.

USD/JPY closes the week above 99.00

The US dollar is closing its second positive week in row against the Japanese Yen as the pair has rised as high as 99.45 in the Friday session to close the week above the 99.00 area.
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