I posted up a summary of the Tokyo election here:
- Japan PM Abe's party big loss in Tokyo poll
and I've just added what I reckon the policy implications are here (towards the bottom of the post)
For the USD/JPY (and yen crosses) its been a lower 'opening' to the week 9and new trading month):
![](http://az705044.vo.msecnd.net/20170702/usdyen-chart-tokyo-election.png)
'Gaps' have a tendency to fill. I suspect this one will, and sooner rather than later. (Please save this post for the purpose of rubbing my nose in it if the gap does not fill. TIA).