JPY: Political stability expected post-election – TD Securities
|TD Securities anticipates a landslide victory for the LDP in Japan's upcoming Lower House election, which is expected to restore a stable political environment. The report warns that investors should be cautious of potential FX intervention if USD/JPY breaks above 160.
Japanese election outlook
"We expect the LDP to win by a landslide this weekend, achieving an absolute majority in the Lower House which ushers back a stable political environment."
"Investors will be on the lookout for MoF's FX intervention if USDJPY breaks >160 as MoF may take advantage of thinner liquidity during Japan holiday on the 11th Feb."
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