USD/JPY update, around 148.10. ICYMI, JPY slammed lower after Japan PM Ishiba resigned

Japanese Prime Minister Ishiba resigned on the weekend. Ishiba had been under pressure over big electoral losses ( he lost majorities in both the lower and upper houses of the Diet).

The yen gapped lower in the early hours of Monday here in Asia:

• Yen is off to a weak start with the resignation of Japanese Prime Minister Ishiba
• Monday open levels, indicative FX prices, 8 September '25. Japan PM Ishiba quit, yen lower

Yen crosses have gained. Screenshot via Bloomberg:

This article was written by Eamonn Sheridan at investinglive.com.

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