The dollar rose significantly against the Japanese Yen after Japan’s LDP victory

The dollar rose significantly against the Japanese Yen after Japan’s LDP victory

Today the Yen fell to its lowest level since 2011 against the dollar, after the victory of the Liberal Democratic Party (LDP) which raised expectations of aggressive monetary easing.

And the former Prime Minister Shinzo Abe has been reelected. And he asked for "unlimited" monetary easing, also for an increase of the inflation target, and more investment on public works in order to rescue the economy.

Then many analysts are expecting that the Yen is going to weaken more in the coming weeks.