Yen Edges Down in Early Asian Trading as Pound Faces Political Pressure

Deep News

Feb 09

The Japanese yen weakened slightly during Monday's early Asian trading session following the ruling party's decisive election victory led by Prime Minister Sana Takaichi. The British pound declined due to the resignation of UK Prime Minister Keir Starmer's chief of staff.

USD/JPY rose 0.3% to 157.65, extending its six-day rally driven by expectations of Takaichi's victory. GBP/USD fell 0.1% to 1.3598. EUR/USD remained largely unchanged at 1.1817. AUD/USD held steady at 0.7015. USD/THB edged down to 31.515.

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