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USD/JPY surging still, highs above 153.40

  • Yen rapidly losing ground in Asia trade to open the new week.
Eamonn Sheridan
11/11/2024 | 02:44 GMT

USD/JPY is nearly 100 points hihger on the session.

The only items of significance we've had today are the leadership vote coming up in parliament:

  • Japan Prime Minister Ishiba faces leadership vote in parliament today

Which seems to be dipping into the sordid/farcical:

  • Head of key Japan opposition party admits to extra-marital affair

And BOJ Summary:

  • BOJ Summary (Oct.): Yen's depreciation has significant effects
  • "BOJ divided on rate hike timing" - USD/JPY pops a little higher on the session
usdyen 11 November 2024 2

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