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### POV - As expected PM Abe secured.....>

DOLLAR-YEN
DOLLAR-YEN: ### POV - As expected PM Abe secured the super majority needed to
win Sunday's election. Abe's LDP party and coalition partner Komeito will now
continue with fiscal expansion and pro-growth structural reforms. The victory
will also see changes to the constitution and BOJ Governor Kuroda probably
appointed for another term next April.
The Nikkei rose for the 15th straight day to 21-year highs, dollar-yen also
rallied to react highs of Y114.10 before Japanese exporter supply countered.
It's also worth noting that the USD generally favours well in Q4 and could be
something to watch.
Looking further ahead, UST yields and geopolitics remain the downside threat,
however with stocks buoyant dollar-yen will look to break the key area of
Y115.51 (Mar10 high) and target a move above Y116 in the short/medium-term.

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