USD/JPY is around 153.00, well up from late Friday levels circa 152.30 but down from a high circa 153.30 an hour or so ago. The news, ICYMI, is that the ruling coalition (LDP/Komeito) lost their majority. Japan’s ruling coalition lost its majority in an election - yen lower to open the weekEarlier:USD/JPY is above 153 on the Japanese election result - yen plungeMonday morning open levels - indicative forex prices - 28 October 2024 - YEN slammed lowerIts likely they'll bring a third party into the coalition and continue to govern but the yen has been hit due to a perception that policy normalisation may face political pressure to proceed more slowly. Cost-of-living pressures in Japan are an i
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