JPY is significantly weaker to open the new week's trades following the weekend resignation of Ishiba
USD/JPY is around 148.22 compared with its later Friday level around 147.35
Yen crosses are higher also.
- EUR/JPY around 173.45
Japan's Prime Minister Shigeru Ishiba announced his resignation on the weekend
- this followed growing pressure within his party to accept responsibility for a historic defeat in this year's election
- Ishiba came to power in October 2024
- Since coming to the leadership position his ruling coalition has lost its majorities in both the lower and upper houses of parliament
