Weakness in the Yen escalated on Tuesday after Japanese Prime Minister Shinzo Abe delayed a scheduled tax hike and called for a snap election. According to Steve Lucas from 3c Analysis these factors will push JPY lower. He says a strong dollar is also playing its part but is not the only factor pushing USDJPY to new seven year highs. As Steve points out, “we are not just talking about a dollar strength but also yen weakness.” 

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