US political news weighing on the pair, sends it below 106.00
What else is new in the pair these days in Asia? On Monday, the pair went for a wild ride thanks to Japanese politics and today it is doing the same but it is coming from US politics instead.
It's been all about McMaster's not-yet-made-official firing that has been stirring up USD/JPY, and the movement in the currency pair is one similar to the movement in US equity futures as well.
S&P 500 futures dipped following the report here that McMaster will be fired from his role as national security adviser. And although the White House denies it:
It looks like it is only a matter of time before it is going to be confirmed. The next question will be, who's next on the chopping block?
