TD Securities anticipates a landslide victory for the LDP in Japan’s upcoming Decrease Home election, which is predicted to revive a secure political atmosphere. The report warns that buyers needs to be cautious of potential FX intervention if USD/JPY breaks above 160.
Japanese election outlook
“We anticipate the LDP to win by a landslide this weekend, attaining an absolute majority within the Decrease Home which ushers again a secure political atmosphere.”
“Buyers might be looking out for MoF’s FX intervention if USDJPY breaks >160 as MoF could reap the benefits of thinner liquidity throughout Japan vacation on the eleventh Feb.”
(This text was created with the assistance of an Synthetic Intelligence instrument and reviewed by an editor.)
