US ratings agency out with a note 24 Oct

  • election has bolstered standing of PM Abe
  • should strengthen Abe's hand in implementing economic and political agenda
  • twice-delayed sales tax now more likely in Oct 2019

I'll put a note in my diary.

Meanwhile USDJPY 113.38 on the retreat from yesterday's post-election knee-jerk highs but off session lows. Expect offers between 113.50-60