The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, following Prime Minister Sanae Takaichi's overwhelming election victory and foreign inflows into Japanese stocks have raised demand for the Japanese yen (JPY).
The ruling Liberal Democratic Party (LDP), led by Japanese PM Takaichi, won a resounding victory in Sunday's lower house election, eliminating political uncertainty at home and opening the door for additional fiscal stimulus.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.