External broker reports(aggregated public sources), Mizuho

Mizuho

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>USD/JPY continued to rise in October, driven solely by the inauguration of the Sanae Takaichi administration and the resulting rise in reflation expectations.</li><li>At the time of writing this report, no definite information regarding the Takaichi administration’s economic policies has been released, making it possible that market movements are expectations-driven.</li><li>However, it is undeniable that downward pressure on JPY remains strong. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

USD/JPY continued to rise in October, driven solely by the inauguration of the Sanae Takaichi administration and the resulting rise in reflation expectations.At the time of writing this report, no definite information regarding the Takaichi administration’s economic policies has been released, making it possible that market movements are expectations-driven.However, it is undeniable that downward pressure on JPY remains strong. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JPY

Forex Medium-Term Outlook(Nov, 2025)