Yen weakens slightly after Takaichi election win
LONDON, Feb 8 (Reuters) - The yen weakened slightly against the dollar in early Asia trade after Japanese Prime Minister Sanae Takaichi's coalition swept to a historic election win on Sunday, which hands her an electoral mandate to reflate the economy.
Since she began her rise to become the nation's first female premier in October, the "Takaichi trade" has pushed domestic shares to record highs while causing a sharp selloff in Japanese government bonds and the yen.
The yen briefly weakened to as much as 157.95 per dollar JPY=EBS, its softest in two weeks. It was last steady at 157.1 per dollar, roughly where it finished late on Friday.
The Japanese currency weakened to its lowest levels against the dollar since July 2024 last month, before recovering some ground on speculation of official intervention to prop up the weak currency.
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