USD/JPY witnessed a quick drop to the 135.50 psychological level after NHK Broadcaster reported that the former Japanese Prime Minister Shinzo Abe passed away.

Although the latest downtick was quickly bought into, as investors were anticipating the bad news following the fateful incident that occurred early Friday.

The former Prime Minister Abe was shot in the chest and collapsed during an election campaign speech in Nara. He was immediately taken to the hospital but an hour later, the Japanese media outlets reported that he was showing no vital signs.

USD/JPY: 15-minutes chart