Yen eases as dovish Sanae Takaichi set to become Japan PM
The yen weakened on Monday as Sanae Takaichi, an advocate of fiscal and monetary stimulus, appeared all but certain to become Japan's next PM after reportedly securing crucial political backing. Investors returned to the so-called 'Takaichi trade'- bullish equities and bearish the yen- after reports that the ruling Liberal Democratic Party and Japan Innovation Party will firm up an alliance today.