Japanese politics is impacting the yen and broader financial markets:
- Japan’s markets unwind Abenomics “2” trades as Komeito exit fuels political uncertainty
- Market expectations for Japan to remain under a Liberal Democratic Party (LDP) government led by Sanae Takaichi, an advocate of Abenomics, have faded sharply, prompting traders to unwind weak-yen, long-equity, and bond positions.
Takaichi will hold a meeting with a minor party today, Ishin:
- 0600 GMT / 0200 US Eastern time
This article was written by Eamonn Sheridan at investinglive.com.