It's a public holiday in Japan today for Marine Day, Monday, July 21, 2025.
This means stock and bond markets are closed.
New Zealand, Australia, Singapore and Hong Kong are all open, so yen trading will persists, but it'll be thinner than usual.
Its still very early, before 7am in Sydney, 6am in Toyko and before 5am in Singapore and Hong Kong, so yen trade is super thin with only some activity in New Zealand.
The news from Japan is on the weekend election:
- earlier post is here: JPY has opened trading for the week much stronger. USD/JPY circa 147.85, EUR/JPY 172.10
- LDP coalition projected to win only 41 seats — a very poor result
- Prime Minister Ishiba will come under pressure to lose his job
- The ruling coalition is expected to cobble together support including the DPP
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Yen update, its EXTREMELY THIN trading right now:
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