After the LDP/Koumei-tou coaltion won a majority of 2/3 at the weekend's lower house election, Jpy starts the week on the weakening side.
In USDJPY I am hearing that importers are the ones buying in the market at the moment. I will be in no hurry to buy at current level. I would prefer to wait for a dip to buy USDJPY and aim for USDJPY to continue moving higher from here.
Good luck for the week!
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