Japanese Yen Nears Worst Weekly Drop in Four Months Amid Takaichi's Expected Victory

• The Japanese Yen is set for its largest weekly decline since October, nearing 157 against the US dollar.
• Markets anticipate a strong victory for Japanese Prime Minister Sanae Takaichi's Liberal Democratic Party in the upcoming election.
• Investors expect Takaichi to pursue expansive fiscal measures with a strong mandate, leading to yen weakness.
• Hedge funds are increasing bets against the yen, pushing it towards levels where authorities previously intervened.
• Takaichi's comments on the benefits of a weak currency for export businesses further exacerbated the yen's slide.