Ex-defence minister Ishiba set to become Japan's next PM nL1N3L9039

If Takaichi had won, USD/JPY was expected to see big gains nL1N3L904F

Instead USD/JPY has dropped after it peaked at 146.49 in Asia

So far spot has hit 143.29, in the London, according to EBS data

A failure to close above the 144.86 Fibo on Friday, would be a bull trap

144.86 Fibo is a 23.6% of the 161.96-139.58 (Jul-Sep) EBS drop

EUR/JPY and USD/JPY currency pairs continue to trade in tandem

Key LDP election to pick Japan's next leader occurs on Friday nL1N3L805J