First big market story of the week: The yen is getting crushed after the huge landslide for Shinzo Abe, the Japanese opposition candidate who has run on a platform of much more easing. His first order of business, he says: beat deflation. He plans to have the Bank of Japan take on a policy of much more easing. With his win and huge mandate, he just might be able to make it happen. And so the yen is getting crushed.
Here’s a look, via FinViz, at the dollar surging against the yen.
[credit provider=”FinViz” url=”http://finviz.com/forex_charts.ashx?t=USDJPY&tf=h1″]