Yen's moving the right way now! Takaichi closer to being PM.

The yen gained a little ground earlier:

• Japan has agreed a coalition government - paves way for Takaichi PM - yen a little higher

The market perception is that Takaichi is not a yen positive. That's becoming more eivdent in the yen rate now:

• USD/JPY is above 150.83
• EUR/JPY on approach to 175.80

Take care with position sizing at this hour. Its still early:

• 9.25 am in Sydney
• 7.25am in Tokyo
• 6.25am in Hong Kong and Singapore

Nikkei futures are stronger.

• while I'm here, ES and NQ are up a touch also