Expectations for looser monetary policy were higher before the confirmation of the new Bank of Japan governor, with the change in leadership at the Bank of Japan expected to take place next week.
In addition, the yen weakened after Japan's lower house of parliament voted to approve all three government nominees for the top three jobs at the Bank of Japan, with final confirmation expected on Friday.
Furthermore, Chase Bank was made a defendant in and received notice of the confirmation proceeding, but simply chose not to take any action to contest the tax sale.