$JPY opening gap higher for the week at 113.85 on the back of the news of PM Abe and LDP’s landslide victory on Japan’s general election this Sunday.

LDP and coalition won over 2/3 of Lower House seats which would enable them to proceed long discussed Constitution reform. It also means Abenomics to continue for now to keep BOJ’s ultra-easy monetary policy which is obviously positive $JPY and Nikkei stocks.

 

Other major FX pairs are pretty much unchanged from Friday close;

  • EURUSD 1.1765-70
  • GBPUSD 1.3185-90
  • USDCAD 1.2620-25
  • AUDUSD 0.7810-15
  • NZDUSD 0.6945-50