Following the election of Sanae Takaichi, a staunch conservative, as Japan’s first female prime minister, market expectations are for the Japanese government to introduce more accommodative fiscal policies. The yen fell to a one-week low on Tuesday. The dollar rose against the yen to 151.88, with 100 yen exchanging for HK$5.11. The dollar advanced on Tuesday, with the US Dollar Index climbing 0.4% to 98.95.
The euro fell to 1.16 against the dollar.
The pound fell against the dollar to 1.336.
The dollar declined against the Canadian dollar to 1.402.
The U.S. dollar has risen against the Swiss franc to 0.796.
The Australian dollar fell against the U.S. dollar to 0.649.
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