USD/JPY flows: Japanese PM Ishiba Resigned

Japanese PM Ishiba resigned over the weekend, two days after the memorandum between U.S.-Japan trade is signed. He was facing a potential vote within the party to oust him on Monday but he decided  to resign first. His demise lays in the election failure for the diet, amping up pressure with the party.

USD/JPY jumped higher to 148.11 from 147.34 Friday's close and is trading at 148.03 currently.