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):

'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).