Asahi News reports on the matter
Shigeru Ishiba is likely also a strong contender for the Japanese prime minister post with opinion polls showing he was the people’s choice to succeed Abe.

Nikkei and Reuters both reporting on the matter, citing sources
reported

Closing changes for the main bourses
On the week:
Europe weekly:
I that this party was going to last a long time.
warned you back in June

Forex news for New York trade on August 28, 2020:
Markets:
– Gold up $35 to $1964
– WTI crude flat at $42.97
– US 10-year yields down 3 bps to 0.72%
– S&P 500 up 23 points to record 3508
The resignation of Abe in Japan resonated throughout the world and led to a round of yen strength as political

Analysis via ANZ, who remain bullish on gold this coming week and new month:

What inflation?
There is some poetry in how the Fed is suddenly dismissing inflation.

Continuation of the trend
One of the major divergences in markets in the past two months has been the lack of enthusiasm in emerging market currencies. Most — if not all — are way below pre-pandemic levels.

Forex news from the European trading session – 28 August 2020
Headlines:
Markets:
– JPY leads, USD lags on the day
– European equities mixed; E-minis up ~0.3%

Further comments by Mester
Nuff‘ said.

Cleveland Fed president, Loretta Mester, remarks to CNBC
– The virus is really driving things
– Businesses have tempered hiring as virus cases have been increasing
This isn’t much of anything new that the Fed has communicated since last month – similar to the minutes last week – and the point on inflation echoes from Powell yesterday.