USD/JPY flows: JPY Weakness Continue

Japan LDP has begun the vote for leadership election. The top three candidates are former defence minister Shigeru Ishiba, ex-environment minister Shinjiro Koizumi, and economic security minister Sanae Takaichi.

In the meantime, USD/JPY remains it up move to trade 0.89% higher at 146.10 with U.S. Treasury yields broadly outperforming JGB yields.