Suga in the house

Suga in the house

Ruling party picks him to success Shinzo Abe.

Suga is expected to keep up 'Abenomics' (weak JPY). Watch out for Suga calling a snap election which could cause the Yen to rise on the risk of 'Abenomics' coming to an end. The BoJ should play second fiddle to politics at their upcoming meeting and no change is expected for now.