# USD/JPY: Global spreads versus Japan favours yen weakness – MUFG — Octa

> 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.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/45302-usd-jpy-global-spreads-versus-japan-favours-yen-weakness-mufg-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- ms.octabroker.com: https://ms.octabroker.com/markets/news/view/927381/

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