Traders Are Least Bullish on Yen Since 2022 After Likely Next PM’s Win

Options traders are least bullish on the Japanese yen in more than three years as pro-stimulus lawmaker Sanae Takaichi’s near-certain ascent to become the next prime minister sent the nation’s currency tumbling.

Spot yen weakened past the 150-per-dollar level on Monday, down 1.8% as of 1:50 p.m. New York time to trade at the lowest in over two months.