Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

06 Oct 2025

Political turmoil plays havoc with currency markets, boosts dollar

The dollar is again winning the cleanest-dirty-shirt contest this morning as mounting political turmoil in Japan and the euro area casts a pall over currency markets. The yen is down almost 2 percent and Japanese equity markets are soaring after Sanae Takaichi unexpectedly triumphed in the Liberal Democratic Party’s leadership race, defying polls that had put her rival, Shinjiro Koizumi, ahead among party grandees. Investors believe Takaichi—an advocate of looser fiscal and monetary policy in the mould of Shinzo Abe’s “Abenomics”—could seek to unleash fresh government stimulus while pressing the Bank of Japan to pause its tightening. Options markets have...

Read More Read More