Mitsubishi UFJ (MUFG) stock in focus as Japan election win revives bond-yield bets
MUFG shares closed Friday at 2,951.5 yen, up 2.5%, and U.S.-listed shares rose 4.9% after Prime Minister Sanae Takaichi’s election win revived bets on higher stocks and weaker bonds and yen. Traders are watching Japanese bond yields and the yen as the Bank of Japan signals possible rate hikes and banks weigh bond portfolio risks.