FX gaps remain in early Tokyo trade

Early FX rates were posted here:

• Monday morning open levels – indicative forex prices – 25 November 2024

The gap lower for the USD pretty much across the major’s board has remained.

USD/JPY is under 154.50:

About the only news of note over the weekend was the announcement:

• Weekend – Trump nominated Scott Bessent to serve as Treasury Department secretary

Villeroy spoke. It’d be unusual if he didn’t!

• ECB Villeroy says falling inflation allows the Bank to lower interest rates

Oh, Bitcoin backed off a bit, it hasn’t hit 100K yet.

I’m not pinning the lower dollar on Bessent, but unless someone comes up with something better I may just have to.

This article was written by Eamonn Sheridan at www.forexlive.com.