Yen Jumps After Takaichi Win, U.S. Data Becomes The Focus

The dollar extended its decline against the yen after Takaichi’s election victory. The yen snapped a six-day losing streak after sliding toward 160, easing intervention fears. It rose 0.23% to 155.52 per dollar after a 0.85% jump, and gained 0.32% to 185.18 versus the euro. Analysts say Takaichi’s shift toward targeted stimulus risks toward further Bank of Japan tightening, with a neutral rate near 1.5%. The dollar held steady against Euro before delayed U.S. jobs and inflation data after a three-day shutdown. Adviser Kevin Hassett warned job gains may slow as labour growth eases and productivity rises. The dollar index was flat at 96.90 after a one-week low of 96.789. The euro held firm after jumping to $1.19, with ECB officials downplaying currency levels.