Shinzo Abe

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Why USD/JPY Could See a Big Breakout Around Monday’s LDP Election

On Monday 14 September, the LDP is expected to hold its leadership election three days before the National Diet will elect a new Prime Minister.

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September 9, 2020 09:17 AM
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Currency Pair of the Week: AUD/JPY

Buyers will be waiting for a dip to buy, as the RSI will then fall back into neutral territory.

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August 31, 2020 08:11 AM

USD/JPY bounces back as Japan signals more stimulus

The yen plummeted against its major counterparts on Monday after news that Japanese Prime Minister Shinzo Abe’s Liberal Democratic Party won a landslide victory in Upper House elections, providing much anticipated support for Abe’s controversial economic stimulus program, Abenomics. The political victory was followed shortly after by an announcement that Abe would be implementing additional stimulus measures in attempts to boost Japan’s ailing economy.

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