- USD/JPY: Yen catches a fresh bid as ex-Japan PM Abe shot
Market news
8 July 2022
USD/JPY: Yen catches a fresh bid as ex-Japan PM Abe shot
The Japanese yen is catching a safe-haven bid following news that former Prime Minister Abe was shot in the chest, now being taken to a hospital.
USD/JPY dropped nearly 50 pips on the above news, now trading at 135.78, losing 0.16% on the day.
Various Japanese media outlets are covering this unfortunate incident, noting that Abe collapsed during a stump speech in Nara and was bleeding after he was shot.
Additional takeaways
Gunshot-like sound heard when Japan ex-PM Abe collapsed.
Former PM Abe shot in breast and hospitalised, attacker in custody.
Could hear two consecutive bangs during former PM Abe’s speech.
Former PM Abe seems unconscious according to LDP members.
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