USD/JPY is above 153 on the Japanese election result

USD/JPY is just above 153.00, a 70 or so point jump from its late Friday level. The Japanese election in summary:Japan’s ruling Liberal Democratic Party (LDP) and its coalition partner Komeito have, combined, lost their majorityLDP had a majority in its own right going into the election, gone now of courseLDP and Komeito have 208 seats22 seats left to declareA party needs a majority of 233 seats in the lower house of Parliament, the Diet, to govern alone. Even LDP + Lomeito have not reached this thresholdthe largest opposition party, the Constitutional Democratic Party (CDP), won 143 seatsCounting will continue soon.The result of the general election has triggered uncertainty about how the w

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Last updated : 27 October 2024 clock 11:20 PM

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