When Takaichi won the first round of votes, it led USD/JPY to leg up higher to above 146.00. But in the head-to-head vote against Ishiba, she lost out and that's resulting in a massive turnaround in USD/JPY now. The pair has tumbled from around 146.20 to 143.80 levels currently.Takaichi was the most vocal among the candidates and she viewed that the BOJ was hiking rates too quickly. As such, when she was seen leading the race early on, traders moved to price in a softer yen. But as Ishiba wins out now, it is going back to the drawing board for USD/JPY.The pair had been stubborn in resisting the post-Fed moves elsewhere throughout the week. But we might have to see the pair play catch up now,
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