Sanae Takaichi Poised to Reshape Japan's Economic Landscape

Sanae Takaichi is expected to become Japan's first female prime minister, potentially impacting the yen and monetary policy. As Takaichi finalizes her cabinet, including finance minister Satsuki Katayama, markets remain cautious ahead of key risk events, particularly the upcoming Federal Reserve meeting.

The yen remained steady as Japan's parliament prepared to vote for Sanae Takaichi, anticipated to become the first female prime minister. This could lead to significant policy changes, as her leadership may influence government spending and monetary strategies, potentially affecting the yen's stability.

As political scenes evolve, with Takaichi's anticipated premiership and planned appointments, such as Satsuki Katayama as finance minister, investors are keenly observing any shift in fiscal policies. The market is on edge, awaiting key developments, especially the upcoming Federal Reserve meeting.

The global currency market saw minor fluctuations amid political and economic updates. With the dollar index stable and other major currencies showing slight movements, investors are bracing for next week's decision by the Federal Reserve, which could alter economic forecasts and market confidence.

(With inputs from agencies.)