The vote will take place Friday afternoon, with results of the first round scheduled to be announced at 2:20 p.m. There will be a runoff if the top candidate fails to win a majority, with the results to be announced at 3:30 p.m. Tokyo time.MUFG highlights the potential for investors to offload some of their long positions in the Japanese yen (JPY) as the upcoming Liberal Democratic Party (LDP) leadership election approaches. The yen has recently underperformed, particularly following a cautious signal from the Bank of Japan (BoJ) regarding future rate hikes, leading to increased selling pressure.Key Points:Recent Yen Underperformance:The yen has weakened alongside the Swiss franc in recen
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