Japanese Prime Minister Shigeru Ishiba resigns, causing the yen to fall and uncertainty in the economy. The yen dropped 0.7% against the dollar to 148.43. Investors are concerned about political uncertainty and potential changes in fiscal and monetary policy. The September Fed rate cut is almost certain after a weak U.S. jobs report, with an 8% chance of a 50-basis-point cut. French Prime Minister Francois Bayrou faces a confidence vote. U.S. Treasury Secretary Scott Bessent calls for Fed scrutiny. President Trump is considering replacements for Fed chair Jerome Powell. Australian and New Zealand dollars slightly decreased.

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