(Feb 9): The yen fluctuated Monday as Japan’s Prime Minister Sanae Takaichi secured a historic election triumph, while Asian stocks looked set to open the week higher after Wall Street’s Friday rally. The result cleared the way for more fiscal stimulus under Takaichi, adding pressure to Japanese bonds while potentially lifting stocks. Japan’s election outcome reinforced expectations for looser fiscal policy and sustained pressure on the yen, with investors bracing for so-called Takaichi trades to dominate markets on Monday. Many investors see an election victory for Takaichi as allowing her to add to Japan’s already heavy debt load. Still, US stocks are facing more selling this week from trend-following algorithmic funds, according to Goldman Sachs Group Inc’s trading desk.

Source: The Edge Markets February 08, 2026 23:00 UTC