The yen has steadily strengthened since the Liberal Democratic Party won a supermajority in the Lower House election on Sunday and delivered Prime Minister Sanae Takaichi a stunning and politically significant victory.
“There has been no change at all in fundamentals,” said Takuya Kanda, senior foreign exchange analyst at Gaitame.com Research Institute.
“What has changed is investor sentiment.”
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.