Reported 1 day ago
The yen fell to its weakest level against the dollar since February, reaching 152.34, following Sanae Takaichi's unexpected victory as the leader of Japan's Liberal Democratic Party. The currency's decline has led to reduced expectations for an interest rate hike by the Bank of Japan, as Takaichi favors a cautious approach to monetary policy. Analysts predict further weakening of the yen due to increased political and fiscal risks post-elections.
Source: YAHOO