Yen Dives to Two-Month Low on Sanae Takaichi’s LDP Victory Sparks Investor Concerns
The Japanese yen fell to a two-month low against the US dollar after Sanae Takaichi’s unexpected victory in the LDP internal election. Her support for Abenomics signals continued loose monetary policy and sustained low interest rates, putting downward pressure on the yen amid rising expectations for US rate hikes.
