JPY is significantly weaker to open the new week’s trades following the weekend resignation of Ishiba
USD/JPY is around 148.22 compared with its later Friday level around 147.35
Yen crosses are higher also.
EUR/JPY around 173.45
Japan’s Prime Minister Shigeru Ishiba announced his resignation on the weekend
this followed growing pressure within his party to accept responsibility for a historic defeat in this year’s electionIshiba came to power in October 2024Since coming to the leadership position his ruling coalition has lost its majorities in both the lower and upper houses of parliament
This article was written by Eamonn Sheridan at investinglive.com.