GBP – The pound rallied off session lows on Monday and gilts bounced, as former finance minister Rishi Sunak won the race to become the next prime minister, giving investors a greater sense of confidence in the robustness of Britain’s finances.
JPY – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight markets days of suspected intervention, but ultimately failed to prop up the currency against persistent dollar strength.