Reported 11 days ago
The yen appreciated against the dollar following Shigeru Ishiba's victory in the LDP leadership race, while Nikkei futures fell. Ishiba, perceived as supportive of potential interest rate hikes, won against rival Sanae Takaichi, whose anticipated win had previously led to a drop in the yen. As market attention shifts to the interest rate dynamics between the US and Japan, the prospects of higher yields have contributed to a downturn in Japanese stock futures.
Source: YAHOO