Yen Watchers Face Double Whammy of BOJ, Election Uncertainty

Yen traders are on edge for the risk of renewed volatility in the currency as uncertainty over the nation’s snap election grows with a Bank of Japan meeting approaching next week.

Japan’s currency hit its weakest level in 18 months earlier this week on expectations Prime Minister Sanae Takaichi will call a vote that may strengthen her position and allow for increased government spending.