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Yen pump, as the election results have been priced in.
Jin10 data July 21, news from the Asian market in the early session, the USD/JPY fell 0.6%. According to NHK, Japan's ruling coalition has lost its majority in the Senate, and the opposition party benefited from its promise of tax cuts. The election results have been digested, and the yen rose due to a "buy the news, sell the fact" reaction.