Japanese Elections SHAKE UP USD/JPY – What to Watch Next! | Daily Market Update, July 1 2025

This weekend’s Japanese elections have led to a big drop in USD/JPY, and US Treasury Secretary Bessent is hinting that the August 1st tariff deadline may be softer than a down pillow.

FOREX.com’s Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, USD/JPY.

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