Well, that looks to be that. I thought it had all been done and dusted yesterday, but uncertainty seems to have lingered through today. Kan has been appointed as the new finance minister.
USD/JPY sits up at 92.38, not far from session high 92.42. Some worry that without Fujii’s steady hand on the tiller there could be even greater fiscal indiscipline.
Resistance next at 92.50 where sell orders are said to be lined up. Stops seen through 92.60.
