The yen opened low on Monday after Takaichi Sanae was elected president of Japan's Liberal Democratic Party
2025-10-05 21:41:47
On October 6, the high market Zaomiao supported loose fiscal and monetary policy. It is believed that its rise to power may exacerbate concerns about the increase in bond supply, while lowering expectations for the Bank of Japan to raise interest rates this month. On Monday, the dollar opened higher against the yen USD/JPY, reaching a high of 149.44. "This may be more positive for the stock market," said Anna Ng, cross-asset investment strategist at VanEck Australia. "Given its overall fiscal policy bias, I wouldn't be too surprised if long-term bond yields rose slightly on Monday. Since the high market Zaomiao is unlikely to overstimulate the economy, market volatility may be limited."
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
