While North Korea, Iran, and trade wars have taken center stage, politics in Japan remain of importance. The team Nordea assesses the potential for fresh movements in Abe loses his job. Here is their view, courtesy of eFXdata: Nordea Research discusses USD/JPY outlook and flags a significant macro risk in Japan in the upcoming leadership election in the ruling Liberal Democratic Party (LDP) scheduled to be held no later than September this year. Should Abe lose the leadership election, it could have an important bearing on the JPY, although no one on the BoJ board will be leaving until March 2020. And we would expect some sort of positive risk premium to start showing the JPY as we get closer to the election. An implied probability that Abe will not remain in power should be seen as positive for the JPY. Premier Abe’s political standing is weakened by scandals. A possible defeat at the LDP leadership election in September could cost him the prime ministership and end Abenomics. If Abe steps down, USD/JPY could be headed back below 100,” Nordea argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Fed’s Bullard: Fed should be cautious with further rate increases FX Street 5 years While North Korea, Iran, and trade wars have taken center stage, politics in Japan remain of importance. The team Nordea assesses the potential for fresh movements in Abe loses his job. Here is their view, courtesy of eFXdata: Nordea Research discusses USD/JPY outlook and flags a significant macro risk in Japan in the upcoming leadership election in the ruling Liberal Democratic Party (LDP) scheduled to be held no later than September this year. Should Abe lose the leadership election, it could have an important bearing on the JPY, although no one on the BoJ board will be leaving until March… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
