Bybit x FXStreet TradFi Report: Japan’s historic leadership shift fuels Nikkei rally, weakens yen

Key Highlights:

• Sanae Takaichi becomes Japan’s first female prime minister

• Yen hits record lows vs. euro and reaches 150 vs. dollar

• BOJ rate hike expectations delayed to December

• Nikkei could surge toward 50,000 on stimulus hopes

• October’s BOJ meeting and cabinet formation are in focus

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Political milestone shakes markets

Japan is undergoing a major political shift with significant market implications. Sanae Takaichi, a veteran lawmaker from the ruling Liberal Democratic Party (LDP), has won the party’s leadership race and is now set to become Japan’s first female prime minister. This development comes amid a turbulent political background, and markets have already responded decisively.