Yen Rallies as Ishiba Wins LDP Leadership, Nikkei Futures Fall.

Shigeru Ishiba has been voted leader of Japan's ruling party, causing the yen to rally against the dollar and stock futures to fall. Ishiba, who is seen as supportive of the Bank of Japan's plan to gradually raise interest rates, won against opponent Sanae Takaichi, who opposed rate hikes. The market is now focusing on the narrowing interest rate gap between the US and Japan, with uncertainty surrounding the speed and size of the Federal Reserve's next moves. [Extracted from the article]