This Changes Everything By Benjamin Picton and Michael Every of Rabobank Markets were moving quickly on Friday as conjecture swirled over the selection of a new Prime Minister in Japan. USDJPY rallied all the way up to 146.49 on speculation that interest rate dove Sanae Takaichi was poised to secure the premiership, but then dumped more than four big-figures before the close after news broke that principal rival (and supporter of BOJ policy normalization) Ishiba had won majority backing in a runoff vote. The Nikkei stock index notes its displeasure this morning by selling off more than 4% at time… — Continue at ZeroHedge News : Read More
