Reported about 1 month ago
The yen fell 1% against the dollar, closing at around 153.66, as Japan’s stock markets rose on election outcomes that showed the ruling Liberal Democratic Party losing its majority. Despite concerns over political instability, the Nikkei 225 index gained 1.8%, reflecting investor reactions to potential continuity in leadership with Prime Minister Shigeru Ishiba's commitment to restore political stability. The weakening yen, mainly due to low interest rates in Japan, and the mixed signals from the election results, present a complex scenario for the market.
Source: YAHOO