I am still expecting this but USD/JPY is back on approcah towards 149.50. The high I saw earlier was around 149.60.
Yen crosses have jumped also, as you’d expect given this is a yen move not a USD one. Fore example:
- EUR/JPY to highest since July 2024
-
AUD/JPY
to highest since January 2025
Gold is not being left behind, its hitting around USD3920, a fresh record high
ICYMI – JPY has been slammed lower after the weekend Japanese election