The yen is more likely to fall than rise. The BOJ probably won't raise rates anytime soon, keeping the rate-differential story alive.

Investors are unwilling to buy bonds today. Everyone is cautious about good U.S. job data, staying alert for further gains in bond yields.

The euro will probably be the weakest among the three major currencies, given the economic fundamentals.

Koizumi tried to achieve reform within the LDP framework ... But he couldn't do that, so that means reform is only possible if there is a change in government,

Koizumi tried to achieve reform within the LDP framework ... But he couldn't do that, so that means reform is only possible if there is a change in government.

Being young as a politician means being energetic. But it can also mean that the politician is immature or fragile.