0202 GMT - Fiscal implications of Japan's ruling coalition's landslide win in Sunday's lower-house elections are unlikely fully priced by USD/JPY, says Goldman Sachs's Karen Reichgott Fishman in a research report. "A bigger mandate is likely to fuel concerns about the potential path of spending plans, warranting renewed weakness in JGBs and the yen, unless the BOJ were to shift towards faster rate hikes," she says. USD/JPY will likely move toward and through 160 as markets digest the impact of the election results and the mandate for PM Sanae Takaichi, the analyst says. However, "the move may be short-lived or even short-circuited if authorities push back through rate checks or actual intervention," she adds. USD/JPY falls 0.5% to 156.38, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 08, 2026 21:02 ET (02:02 GMT)

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