Fundamental OverviewThe USDJPY pair this morning has been on a rollercoaster. Initially, we got a rally following the soft Tokyo CPI numbers and then Takaichi winning the first round of votes in the Japanese election. Things turned around quickly in the run-off as Ishiba won triggering a selloff in the pair. Takaichi was the one who had been vocal in scrutinising the BoJ for hiking rates too fast. So, Ishiba winning takes some of that pressure away. It’s not like the BoJ will now rush to hike rates of course as macro developments will be the focus.Next week is going to be a big one for the pair as we get the ISM Manufacturing PMI and the US NFP report. Positive data will likely see the pair
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