USD/JPY trades below 143 and rebounds slightly

Since the last update here on the price action in the USD/JPY, the dollar has now traded below the 143 handle and that means it has fallen by more than 350 pips since the announcement of Ishiba as the new Japanese PM. The USD/JPY is also tumbling because the market was clearly badly wrong-footed by this and that is perhaps delivering more downside for the dollar had it not spiked so much higher in the first place. The USD/JPY just now hit a session low very close to 142.75, but the price action is incredibly volatile and sporadic. Its exciting for sure and there is plenty of opportunity, but you had better keep your wits about you on this one today. The USD/JPY has just this minute rebounded back to around 143.15