USD/JPY rallied as traders reacted to the results of Japan ruling party elections.
USD/JPY rallied as traders reacted to the results of Japan ruling party elections. Takaichi, who has won the elections, has previously supported dovish monetary policy, which is bearish for the Japanese yen.
If USD/JPY stays above the 150.00 level, it will head towards the resistance level at 151.00 – 151.50.
