# Japan stocks rally as yen tumbles after coalition drubbing

> Japanese stocks rallied as the yen tumbled after the ruling coalition's election setback. The yen slid as far as 153.885 per dollar, its weakest level since July 31.

- Date: 2024-10-27 · published 2024-10-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/28109-japan-stocks-rally-as-yen-tumbles-after-coalition-drubbing
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A sharp yen decline raises the local-currency cost of dollar-priced feed imports for Japanese buyers, which can slightly weigh on demand for US grain and meal.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-nikkei-yen-set-lurch-political-uncertainty-2024-10-27/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.