CoinVoice has recently learned that Nick Twidale, Chief Market Analyst at ATFX Global Markets, stated that uncertainty may ultimately be bearish for the yen. Despite the emergence of safe-haven buying, the results met expectations, triggering a pullback. The greater risk lies in subsequent developments, as the stock market is expected to be sold off due to uncertainty.

If Japanese Prime Minister Shigeru Ishiba ultimately resigns, the yen may weaken further. In the short term, the Bank of Japan will maintain a wait-and-see approach and continue to observe data until the future policy direction becomes clear. [Original link]