# Japanese Yen drops as no candidate secures majority in the first round of LDP voting

> Shigeru Ishiba won the LDP presidential election to become Japan's prime minister, and the yen recovered its daily losses. Tokyo CPI eased to 2.2% in September, and dovish Fed comments added pressure on the dollar.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/28543-japanese-yen-drops-as-no-candidate-secures-majority-in-the-first-round-of-ldp
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political clarity and dovish Fed signals push the yen stronger against the dollar, a macro move with limited direct impact on feed commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-30 | [USD/JPY slumps to near 148.00 as Japanese Yen continues to outperform - The Pound Hub](https://feedsoft.ai/events/23133-usd-jpy-slumps-to-near-148-00-as-japanese-yen-continues-to-outperform-the-pound.md) | +0.1% | +0.4% |
| DXY | 2018-02-28 | [Japanese yen may strengthen as dollar weakens: Morgan Stanley and ING](https://feedsoft.ai/events/66740-japanese-yen-may-strengthen-as-dollar-weakens-morgan-stanley-and-ing.md) | -0.1% | -0.5% |
| DXY | 2025-06-30 | [Japanese Yen Strengthens as Dollar Languishes — TradingView News](https://feedsoft.ai/events/24462-japanese-yen-strengthens-as-dollar-languishes-tradingview-news.md) | -0.0% | +0.8% |
| DXY | 2018-02-08 | [Japanese Yen Strengthens Versus Dollar As Equity Benchmarks Sell Off -- MarketWatch - WSJ](https://feedsoft.ai/events/66742-japanese-yen-strengthens-versus-dollar-as-equity-benchmarks-sell-off.md) | -0.2% | +0.2% |
| DXY | 2017-07-28 | [IMF says dollar overvalued while China’s yuan and Japanese yen in line with fundamentals \| South China Morning Post](https://feedsoft.ai/events/70194-imf-says-dollar-overvalued-while-china-s-yuan-and-japanese-yen-in-line-with.md) | -0.3% | -0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-depreciates-following-tokyo-cpi-inflation-us-pce-price-index-eyed-202409270316

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