Agency: The positive impact of political uncertainty on the yen will be weakened
2025-07-20 23:34:01
Japan's ruling coalition lost more than half its seats in the upper house and the yen rose as much as 0.7 per cent against the dollar, but then fell back. Nikkei futures were little changed and the cash market was closed for the holiday. Shigeru Ishiba, Japan's prime minister, will now try to govern with some support from the opposition. "Uncertainty is usually good for the yen, at least initially," said Rodrigo Catril, currency strategist at National Australia Bank. "Overall, the election results are not good news for Japanese assets and we expect the strength of the yen to weaken." (Jin Ten)
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