The Japanese Yen (JPY) has reached a new three-month low against the US Dollar (USD) following significant political changes in Japan. In Sunday’s national election, Japan's ruling coalition suffered a loss of its parliamentary majority for the first time in 15 years, sparking concerns about the future direction of the country’s monetary policy as detailed in a report by FXStreet.

Yen dips to three-month low amid political shifts in Japan

According to market strategists, the unwinding of 'carry trades' may still have more to run. Carry trades involve borrowing in currencies with low interest rates, such as the Japanese yen, and investing in higher-yielding assets.

Carry trade unwind: Strategists warn it may not be over yet

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Yen dips to three-month low amid political shifts in Japan

Carry trade unwind: Strategists warn it may not be over yet