Japanese Yen Drops to New Lows Amid Speculation of Early Election and Monetary Policy Shifts
The Japanese yen fell to its weakest point against the U.S. dollar since mid-2024 over concerns about potentially easier fiscal and monetary policies under Prime Minister Sanae Takaichi. Meanwhile, the U.S. dollar appreciated broadly on inflation data that largely met economist expectations, suggesting a potential easing of inflation pressures. Mar…