Rishi Sunak will become the next U.K. prime minister after his last competitor, Penny Mordaunt, withdrew, just minutes before a deadline to get support from 100 lawmakers. Sunak, the former chancellor of the exchequer, will become the first ethnic minority leader of the U.K. Sunak is set to speak in the next half hour.
USDJPY forecast: the yen continues to strengthen against the USD
Amid economic data from Japan and the US, the USDJPY rate may form a correction before declining to 146.80. Discover more in our analysis for