MUFG Bank strategist Michael Wan warned the yen could remain weak in the near term following Prime Minister Shigeru Ishiba’s decision to step down.
The choice of successor will be key for market direction:
Wan added that the Bank of Japan may hold off on further rate hikes until the political outlook becomes clearer.
Background:
Yen is off to a weak start with the resignation of Japanese Prime Minister Ishiba
Monday open levels, indicative FX prices, 8 September '25. Japan PM Ishiba quit, yen lower
USD/JPY update, around 148.10. ICYMI, JPY slammed lower after Japan PM Ishiba resignedUSD/JPY - we got a gap to fill!We should get a date for the leadership election on Tuesday:
Japanese media reports that the ruling party leadership election could be in early October This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about yen may weaken as japan leadership change clouds boj outlook mufg says was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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