Post #15786

USD/JPY Drifts Higher Post Election USD/JPY remains elevated near the 157 area, with the yen steady but still on track for a weekly loss of over 1%. The pair is holding firm after giving back much of January’s intervention-driven yen rally, showing that upside pressure on USD/JPY is still intact into the weekend. The yen is weighed down by political risk as digest Japan’s lower house elections. Expectations that Prime Minister Sanae Takaichi will push for higher spending and tax cuts are raising fiscal sustainability concerns, keeping pressure on JPY. Investors are also looking ahead to next week’s Q4 GDP data for signs of a rebound, while earlier - Alan