Yen Soars After New LDP Leader Elected. Forecast as of 30.09.2024

The new Prime Minister of Japan holds hawkish views, which will allow the Bank of Japan to continue normalizing monetary policy and contribute to the downtrend on the USDJPY pair. Let's discuss this topic and make a trading plan.Highlights and key points Hawk Shigeru Ishida has become the new LDP leader. The Bank of Japan is in no hurry to increase the overnight rate. Extraordinary parliamentary elections may slow down the yen. Traders may open short trades at 146.1 or initiate long positions af