According to reports, in the Japanese House of Representatives general election (general election) held on October 27, the ruling coalition of the LDP and Komeito did not reach the benchmark of a majority of seats. If the ruling coalition were to maintain a majority of seats, Prime Minister Ishiba's influence was expected to slightly increase, and there were hopes for promoting financial normalization by the Bank of Japan. However, the number of LDP seats decreased significantly, leading to a retreat from such expectations. On the other hand, expectations for a soft landing of the U.S. economy have slightly increased, and the pace of interest rate cuts in the United States is expected to slow down. Therefore, speculation of a significant narrowing of the Japan-U.S. interest rate spread has receded, and there is a high possibility that short-term risk-averse dollar selling and yen buying will be restrained.