Japan’s PM Takaichi to dissolve Parliament on January 23, calls snap election

Japan's Prime Minister Sanae Takaichi announced the dissolution of the House of Representatives on January 23, calling for a general election on February 8. This decision may aim at reshaping political power and could significantly influence the markets. As the election approaches, investors need to monitor how domestic policies and their impacts will be reflected in the forex market. Recently, the Japanese economy has been experiencing a weakening yen, and changes in monetary policy are rumored. With political instability a concern, investors must assess risks carefully. The election results could bring changes to economic and fiscal policies, but since specific price levels such as support or resistance have not been reported, no clear trading signals can be derived from this news.