Yen on track to gain from US midterm elections and France unrest

What happened: The yen looks poised for a boost from the upcoming U.S. midterm elections and ongoing turmoil in France, with observers anticipating declines in the dollar and euro. Key numbers: The yen appreciated after 9 out of 10 U.S. midterms, data shows. The yen-dollar rate has fluctuated in a narrow band since early October. Why it matters: Observers expect the dollar and euro to decline, which would support the yen.

The yen looks poised for a boost from the upcoming U.S. midterm elections and ongoing turmoil in France, with observers anticipating declines in the dollar and euro.

Observers expect the dollar and euro to decline, which would support the yen.