11:24
Mizuho Securities: If Takashi Sakamoto loses the election, it may trigger a "Takashi Trading" Close Position wave.
On October 10, Jin10 reported that Shoki Omori, chief strategist at Mizuho Securities, stated that if high market early rice is not elected as Japan's prime minister, and candidates advocating for fiscal tightening and supporting Central Bank interest rate hikes emerge, a wave of "high market trading" closing positions may be triggered. Although the opposition parties have differing opinions, making this a non-mainstream scenario, the market may begin to price in the risk of a policy reversal, which would push down the USD/JPY exchange rate. However, the yen is likely to continue to maintain its funding/arbitrage currency attributes in the short term, and it is expected that this will not lead to the USD/JPY exchange rate falling below the 140 mark.

