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Hardy: How to trade the Japanese poll
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Saxo Bank’s Head of FX Strategy John Hardy sets the scene on how to trade USDJPY as Japanese voters head to the polls on December 14.
Japan’s Prime Ministers Shinzo Abe is up for re-election in a vote widely seen as a referendum on his economic policies. Abe is expected not just to win, but also to increase his party's seats in the House of Representatives, giving him a stronger political mandate.
But the poll is just one of several events that could trigger USDJPY volatility, says John.