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More detail on the Yen and the Nikkei 225 as the Index futures crumble on PM news

Adding more detail to the previous update noting the slide in the USD/JPY, the Nikkei 225 has also gotten whacked on this news. The reason being that Ishiba now announced as the new Japanese Prime minister has seen him finally win at his fifth attempt to gain power. Ishiba is in favour of normalising Japanese monetary policy, or at least that is the view from times in the past. So, the USD/JPY has reacted violently to that prospect. The dollar has now fallen below 143.50 as the markets further digest this news. The Nikkei futures have crumbled too. the Nikkei 225 futures are now more than 1300 points in the red
 

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