Bybit x FXStreet TradFi Report: Japan’s historic leadership shift fuels Nikkei rally, weakens yen
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Key Highlights:
Sanae Takaichi becomes Japan’s first female prime minister
Yen hits record lows vs. euro and reaches 150 vs. dollar
BOJ rate hike expectations delayed to December
Nikkei could surge toward 50,000 on stimulus hopes
October’s BOJ meeting and cabinet formation are in focus
Trade the FX movements with Bybit MT5.
Political milestone shakes markets
Japan is undergoing a major political shift with significant market implications. Sanae Takaichi, a veteran lawmaker from the ruling Liberal Democratic Party (LDP), has won the party’s leadership race and is now set to become Japan’s first female prime minister. This development comes amid a turbulent political background, and markets have already responded decisively.