Is a Noda Election Win Good For USDJPY?

It's a done deal. Following last week's departure of embattled Prime Minister Naoto Kan, the reigning DPJ (Democratic Party of Japan) party voted Finance Minister Yoshihiko Noda as the country's next prime minister. The victory comes at the defeat of public front runners like Seiji Maehara. Although Maehara maintained a high public backing, lawmakers cut the former Foreign Minister from the list in the first round – all but assuring a Noda victory. So, what does this mean for the economy and its currency? Read the article here - http://forexalliance.com/2011/08/29/forex-majors/noda-wins-election-good-usdjpy/