The U.S. midterm elections will be the main focus for the yen next week, and a Democratic landslide could trigger dollar selling and push the yen higher. With the U.S. employment report due at the end of the week, attention will also focus on U.S. economic indicators.
The U.S. midterm elections are reportedly set to be the main focus for the yen next week. If the Democrats score a sweeping victory, the dollar could be sold and the yen could move higher, according to the view presented.
With the U.S. employment report due at the end of the week, the market is expected to develop while also watching new U.S. economic indicators. The market is said to be driven mainly by the combination of the midterm election results and U.S. data.
The reported comments cite Takuya Kanda (神田卓也), senior currency analyst at Gaitame.com Research Institute, and strategist Takeshi Ishida (石田武) of Kansai Mirai Bank, drawing attention to the market's future direction.