Loading…
Fumio Kishida was confirmed as Japan's next prime minister after winning the LDP leadership election. MUFG said the outcome was the scenario with the least potential for yen volatility because he is seen as favouring policy continuity.
MUFG expects yen weakness to continue, driven mainly by rising US bond yields.
The political outcome is seen as unlikely to change the yen's direction, so currency moves are driven by US yields. A weaker yen keeps imported feed costs higher for Japanese buyers.
ms.octabroker.comSep 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
