USD/JPY update, around 148.10. ICYMI, JPY slammed lower after Japan PM Ishiba resigned

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Japanese Prime Minister Ishiba resigned on the weekend. Ishiba had been under pressure over big electoral losses ( he lost majorities in both the lower and upper houses of the Diet).

The yen gapped lower in the early hours of Monday here in Asia:

Yen crosses have gained. Screenshot via Bloomberg:

This article was written by Eamonn Sheridan at investinglive.com.

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