Will LDP defeat weaken or strengthen the yen?
- The Japanese general election over the weekend saw a political shakeup with the loss of the ruling bloc's parliamentary majority, and Citigroup looks at the...
- The Japanese general election over the weekend saw a political shakeup with the loss of the ruling bloc's parliamentary majority, and Citigroup looks at the...
- The Japanese general election over the weekend saw a political shakeup with the loss of the ruling bloc's parliamentary majority, and Citigroup looks at the...
The Japanese yen fell to a three-month low early Monday after the country’s ruling party lost its majority following a snap election by new Prime Minister Shigeru Ishiba. The coalition led by the Liberal Democratic Party won 215 seats, falling short of the 233 needed for a majority. The result and ensuing political situation could ease the pace of Japan’s interest-rate hikes.
The latest investor updates on stocks that are trending on Monday.
The Japanese yen weakened after the country's ruling coalition failed to secure a parliamentary majority in Sunday's election. The yen fell against the U.S. dollar and other major currency pairs including the euro and the Swiss franc.
- The U.S. dollar steadied Monday, on course for a hefty monthly gain, while the euro was steady at the start of an action-packed week. At 05:35 ET (09:35 GMT), the...
Oil prices slid more than 5% after after Israel refrained from targeting Iran's refining facilities in an attack over the weekend.
- The U.S. dollar steadied Monday, on course for a hefty monthly gain, while the euro was steady at the start of an action-packed week. At 05:35 ET (09:35 GMT), the...
-- Most Asian currencies weakened on Monday with the Japanese yen sliding to a three-month low amid bets that the loss of a parliamentary majority for Japan’s ruling...
-- Most Asian currencies weakened on Monday with the Japanese yen sliding to a three-month low amid bets that the loss of a parliamentary majority for Japan’s ruling...