Japanese Yen

NZD/JPY remains bid as Japanese political uncertainty and election-driven fiscal narratives weigh on the Yen, while the NZD finds support from improving domestic confidence.

The GBP/JPY cross remains underpinned by a weakening Yen as Japanese political uncertainty and fiscal expansion narratives drive the market toward the 214.00 resistance level.

EUR/JPY remains elevated as Japanese election uncertainty fuels a JPY idiosyncratic premium, keeping the cross bid despite intervention psychology.