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Stock impact report

Yen Slump Deepens Even After Katayama, Bessent Share Concerns [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Japan's currency fell as much as 0.5% to 158.91 per dollar, with losses accelerating after local media outlet Kyodo reported that Prime Minister Sanae Takaichi told a senior member of the ruling Liberal Democratic Party that she intends to call a snap election. The development is seen as reviving the so-called “Takaichi trade,” which has weighed on government bonds and kept the yen under pressure. Most Read from Bloomberg Why the Renovation of Federal Reserve Headquarters Costs $2.5 Billion New Design Plans Revealed for White House Ballroom Summit Properties Wins Auction for Bankrupt NYC Apartments In Birmingham, a Stadium Plan Shows UK Football's Flashy Side The Latest Brand of Tech City Dreams: Virtual Residents The currency's losses deepened even after Japanese Finance Minister Satsuki Katayama said she had expressed her “concerns about the one-way weakening of the yen” at a meeting with her US counterpart Scott Bessent. “Treasury Secretary Bessent shares those conce Show less Read more
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