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: 2025.10.06
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Sanae Takaichi is set to become Japan's first female Prime Minister -- Reuters
World FX news
Breaking news
Sanae Takaichi is set to become Japan's first female Prime Minister -- Reuters
New
2025.10.06 08:16
2025.10.06 08:16
2025.10.06 08:16
Japan's ruling party elected Sanae Takaichi as its new leader on Saturday, positioning the 64-year-old to become Japan's first female Prime Minister, Reuters reported on Sunday.
A vote in parliament to replace outgoing Shigeru Ishiba is scheduled on October 15. Takaichi is favoured as the ruling coalition has the largest number of seats. The Liberal Democratic Party (LDP) and its coalition partner lost their majorities in both houses under Ishiba over the past year, triggering his resignation.
Market reaction
As of writing, the USD/JPY pair was up 1.26% on the day at 149.32.
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2025.10.06
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USD/CAD extends losses as weak US Consumer Confidence weighs, BoC and Fed eyed
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday as the Greenback weakens following the latest US Consumer Confidence report. At the time of writing, USD/CAD is trading around 1.3944, extending losses for the second consecutive day and down roughly 0.30%.
New
2025.10.29 00:32USD/CHF declines for fourth day as Swiss Franc gains, Fed rate cut expected
USD/CHF trades lower on Tuesday, around 0.7930 at the time of writing, down 0.27% for the day. The pair extends its four-day losing streak as the Swiss Franc (CHF) strengthens amid fading expectations of further monetary easing by the Swiss National Bank (SNB).
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2025.10.29 00:13GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget
The GBP/USD dives more than 0.50% on Tuesday as market participants digested news of the UK's Office for Budget Responsibility (OBR), which plan to cut productivity, leading to a huge hole in the public finances. The pair tumbled below 1.3300 for the first time since mid-October.
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2025.10.29 00:07GBP underperforms versus USD - Scotiabank
Pound Sterling (GBP) is a moderate underperformer on the session so far, falling 0.1% against the US Dollar (USD) at writing after giving up early gains through the upper 1.33s in Asian trade.
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2025.10.28 23:24EUR grinds cautiously higher for fifth day - Scotiabank
The Euro (EUR) is grinding slowly but surely higher, with the support of short-term spreads which are maintaining the recent compression in EZ/US short-term yields, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.28 23:23CAD is little changed on the day - Scotiabank
Spot is little changed.
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2025.10.28 23:21USD mixed to marginally lower - Scotiabank
The US Dollar (USD) is mixed but tracking a little lower overall as the Dollar Index (DXY) continues to drift back from the 99 zone where the index appears to have peaked after its latest run higher, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.28 23:19GBP/JPY slips to one-week low as Yen firms on intervention risk and trade optimism
The British Pound (GBP) fell sharply against the Japanese Yen (JPY) on Tuesday as the Yen strengthened across major peers, recovering from recent weakness tied to Japan's political and fiscal developments.
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2025.10.28 23:09EUR/JPY weakens as Yen rises on US-Japan deal, ECB and BoJ meetings eyed
EUR/JPY weakens on Tuesday, falling 0.50% for the day to around 177.10 at the time of writing, after hitting a multi-year high at 178.23 the previous day, and halting a five-day winning streak.
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2025.10.28 22:59EUR/GBP hits multi-year highs past 0.8760 amid generalised Pound weakness
The Euro accelerated its rally against a weaker British Pound on Tuesday to reach its highest level in two years, and is about to break the November 2023 high at 0.8765 at the time of writing.
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2025.10.28 21:45Disclaimer:
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