Credit Agricole on US/Yen following the election in Japan over the weekend:

• may test 108
• Japanese equities could also head higher
• 108 is likely to see sellers enter though as the response to the election win is likely to be restrained. It wasn’t a surprise result.
• Yen to regain momentum as focus switches back to trade talks
• USD to weaken with the dovish Fed ahead, EUR to weaken with a dovish ECB also
• 106.50 a downside level to watch for support