Yen Declines and Markets Rise Amid Japan's Political Uncertainty
TL;DR Summary
Stocks rose and the dollar wobbled after weak US jobs data increased expectations of a US interest rate cut, while the yen fell amid political uncertainty in Japan following Prime Minister Ishiba's resignation. Investors are also watching European political developments and upcoming US inflation data, with markets pricing in a potential rate cut later this month.
Topics:top-news#fed-rate-cut#financial-markets#japan-political-uncertainty#stock-market#us-inflation#yen
- Fed rate cut optimism lifts sentiment, yen slips on political uncertainty Reuters
- Japan's Prime Minister Shigeru Ishiba resigns after election defeats BBC
- Japanese lawmakers launch leadership bids after PM resigns, yen sinks Reuters
- Yen Weakens, Japan Stocks Gain as Ishiba to Depart: Markets Wrap Bloomberg.com
- Japan’s next PM will face a problem that won’t go away with Shigeru Ishiba’s resignation The Guardian
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