Yen a Minority as Abe Heads for Majority

GBPJPY adds 200 pips less than 24 hours after charting the fundamental and technical case for the pair in our Premium Insights. Japanese PM Abe's LDP is set to gain majority in the Upper House, with the help of its junior coalition partner New Komeito party. But what is simple majority vs outright majority? And what is a sufficient margin for protracted declines in the Japanese currency?  We answer all these questions in today's Premium Insights as both of yesterday's USDJPY longs hit all targets. Meanwhile, US Philly Fed survey hits 2-year highs and US jobless claims at 2-month lows, helping to firm up the greenback. We issue 2 new longs in GBPJPY alongside 2 new trades in USDJPY as we outline the mechanics of Sunday's Upper House elections. EURJPY (2), USDCAD (1), USDCHF (1) and AUDUSD (1) trades are also in progress, which all can be accessed in the Latest Premium Insights.