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The Yen Rollercoaster Continues
Remember the Shigeru Ishiba yen rally?
If so, you should know that it's over now.
If not, here's the briefest-possible version of the backstory. The intra-party LDP jostling to replace Fumio Kishida as Japanese prime minister saw Shigeru Ishiba prevail over Sanae Takaichi. Takaichi opposed additional Bank of Japan rate hikes. Ishiba, by contrast, indicated he'd entertain them, or anyway leave monetary policy to Kazuo Ueda. (That's what counts as "hawkish" in Japan: Not expressing outward avers
