20 Oct 2025 | 5 Mins Read
Yen drops as dovish Takaichi likely to replace Japan's PM
Flipitmoney
The yen weakened as Sanae Takaichi, a fiscal and monetary stimulus advocate, is likely to become Japan's next prime minister, boosting risk appetite. The US dollar rose 0.3% to 150.96 yen, while the Aussie dollar gained 0.4% as trade tensions between Beijing and Washington eased. China's GDP data showed a 4.8% annual growth rate, in line with forecasts.