USD/JPY trades near session lows with markets focusing on traditional “risk-on/risk-off” trades rather than turbulent Japanese politics, at the moment.
The S&P is down 0.5% on the day, about 0.8% below highs from early in the session.
USD/JPY has dipped as low as 88.40 so far while EUR/JPY is soft at 111.25.
Japanese bids are noted in the 88.25/30 area which could contain dips near-term.