Japanese Yen Could Underperform in Near-Term -- Market Talk

Dow Jones
Sep 08

0135 GMT - The Japanese yen could underperform in the near-term, MUFG Bank's Michael Wan writes in a research report. Japanese Prime Minister Shigeru Ishiba announced on Sunday that he will step down. The leader taking over Ishiba will matter for policy direction, the senior currency analyst says. Sanae Takaichi, from the LDP's conservative wing, is seen as the most negative for JPY due to her support for loose monetary policy and stimulus. Agriculture Minister Shinjiro Koizumi is perceived as more of a reformist with an appeal to a younger generation, Wan says. The Bank of Japan may also delay its timing of rate hikes until it gains better clarity on the policy direction. USD/JPY is 0.6% higher at 148.31, LSEG data shows.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

September 07, 2025 21:35 ET (01:35 GMT)

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