Recent news out of Japan were not so encouraging: with August Tokyo Inflation up by 0.3% YOY, below the previous 0.6% and the expected 0.8%. Core annual inflation was recorded at -0.3% from 0.4% in the previous month.
The USD/JPY pairing was seen to tumble after the announcement of PM Shinzo’s Abe resignation due to health concerns. He has been leading the country for 8 years. USD/JPY dropped to 105.19, marking a second week of closing in the red.
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