USD/JPY flows: LDP Set Oct 4 for leadership vote

Japan’s LDP has set October 4 for leadership vote, replacing Ishiba. Top candidates are former Internal Affairs Minister Takaichi and Agriculture Minister Koizumi. They seems to be posing a new angle from the LDP as one of them are more appealing to the younger crowd while the other are tilted towards more fiscal spending.

USD/JPY is trading 0.1% lower at 147.32 while Nikkei retreats from historic high.