The yen rocketed higher on Friday on political news:
When I say rocketed, I am not exagerrating. USD/JPY was above 146.00 and ended Frdiay down near 142.00.
We've had a bit of a rebound/retracement in early Monday trade.
News and data:
- Japan data - August Industrial production -3.3% m/m (expected -0.9%)
- Japan August Retail Sales 2.8% y/y (expected 2.3%)
- Talk of a Japanese election October 27
