USD/JPY sets a new 2025 low as slides towards 146.25

Earlier this morning an update here noted how the current 2025 low on the USD/JPY was most definitely back on the radar. Well, not that long ago the USD/JPY fell to test that level and in fact it has now fallen below it and set a new 2025 low a moment ago, at 146.31. The risks of further downside sure look live right now and there is not much technically in the way of stopping that. It Looks like round one to the US president, but not so for the Fed, as the calls for a US recession grow louder this morning. That was something outlined and expected here much earlier today and beforehand too. The USD/JPY is right now at 146.55, as rebounds slightly from that earlier low