The yen was slightly stronger against the dollar as investors digested the impact of Japan’s ruling coalition losing its majority in the upper house election. Japanese stock futures inched lower.
Japan’s currency, which had declined in the two weeks leading up to Sunday’s vote, held an small advance of 0.2% to trade at 148.52 versus the greenback at 11:51 a.m. in Tokyo. With the stock and bond markets closed Monday for a national holiday in Japan, the currency is the key asset to watch for investors.
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