Japanese markets reopen today after holiday Monday, JGBs and equity futures little changed ...Middle East

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Japanese markets reopen today after holiday Monday, JGBs and equity futures little changed

The Japanese yen gapped higher in early Monday trade as results came in from Japan’s Upper House election. Prime Minister Ishiba's ruling coalition suffered a major blow, losing its majority in the upper chamber — having already lost control of the lower house in October. With minority government in both chambers now, Japan looks set for a period of political uncertainty.

The yne gapped higher, retraced then rose again in Europe/US trade.

    Today we get the JGB and equity response.

    So far early indications are a bit underwhelming. Neither bonds (Japanese Government Bonds) or equity index futures are too mcuh changed.

    This article was written by Eamonn Sheridan at investinglive.com.

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