Markets have priced in a positive outcome of the elections.

Markets have been pricing in Koizumi's victory in the elections. That's positive for the yen.

Mexico decided to follow the Nasdaq down discounting positive news on the U.S. elections, plus the market had some catching up to do to Tuesday's drop on the Nasdaq and Latin markets, when Mexico was closed.

Unlike past national elections, it seems swing voters in urban areas are supporting the LDP this time. That's positive for the yen.

It should be a pretty interesting year with the elections. You have to watch how the council votes during an election year, and it's always interesting to see what happens.

You have ultra-nationalists, fascists and former communists in both these countries.