The yen rocketed higher on Friday on political news:
Japanese yen sureges as Ishiba wins PM contest
When I say rocketed, I am not exagerrating. USD/JPY was above 146.00 and ended Frdiay down near 142.00.
We’ve had a bit of a rebound/retracement in early Monday trade.
News and data:
Japan data – August Industrial production -3.3% m/m (expected -0.9%)Japan August Retail Sales 2.8% y/y (expected 2.3%)Talk of a Japanese election October 27
This article was written by Eamonn Sheridan at www.forexlive.com.
