DislikedShinzo Abe won the upper house. I don't know too much about the Japan government but I guess it's a good support for more stimulus.Ignored
The supermajority isn't just fun to say, it's actually really significant for USD/JPY traders because any amendments to the constitution require a two-thirds majority (supermajority) in both houses of parliament.
This result not only gives the green light for ‘Abenomics’ to continue, but also opens up the possibility of reforming the Japanese constitution and easing some of the post World War Two restrictions.
Abe ran the election as a mandate on Abenomics and the people responded. He's already been hitting the headlines (well not like that's anything new), saying that he's given green light for further stimulus which is why USD/JPY kicked today during Asia.
That Vantage FX chart a few posts back sums up the move.
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