东京回归，日元在昨日上涨后企稳。概述：外汇市场很平静。美元兑G10货币汇率涨跌互现。

Tokyo Returns and Yen Stabilizes after Yesterday's Jump.Overview: The foreign exchange market is quiet. The greenback is narrowly mixed against the G10 currencies.

美元/日元继续复苏，接近148.00，贸易谈判成为焦点。周二，美元兑日元汇率走高，因为市场消化了上周日本选举的结果，并将焦点重新转移到两国之间不确定的贸易关系上。日元对选举结果反应积极，因为执政联盟的失败是意料之中的。

 USD/JPY extends its recovery, nearing 148.00 with trade talks on focus.The US Dollar is trading higher against the Japanese Yen on Tuesday as the market digests the results of last week's elections in Japan and shifts the focus back to the uncertain trade relationship between both countries. The Yen reacted positively to the election results, as the defeat of the ruling coalition was expected.

日经225指数下跌0.11%，收于39775点，而周二更广泛的东证指数微涨0.06%，收于2836点，日本市场在投资者评估周末选举的影响时苦苦挣扎。虽然执政联盟在上议院失去了多数席位，但这一结果被广泛预期，对市场的影响有限。令人欣慰的是，预计石破茂首相将继续任职，缓解人们对政治不稳定或突然辞职的担忧。石破茂重申他打算留任，理由是需要监督与美国正在进行的关税谈判，并管理其他关键政策事务。在个人投资者中，藤仓（+4.4%）、三菱重工（+6.2%）和软银集团（+2.9%）均录得强劲涨幅。在下行方面，Lasertec（-2.7%）、东京电子（-1.3%）和Metaplanet（-14.1%）出现了显著下跌。

The Nikkei 225 slipped 0.11% to close at 39,775, while the broader Topix Index edged up 0.06% to 2,836 on Tuesday, with Japanese markets struggling for direction as investors assessed the implications of the weekend’s election. While the ruling coalition lost its majority in the upper house, the result was widely anticipated and had limited market impact. Reassuringly, Prime Minister Shigeru Ishiba is expected to remain in office, easing concerns over political instability or an abrupt resignation. Ishiba reaffirmed his intention to stay on, citing the need to oversee ongoing tariff negotiations with the US and manage other key policy matters. Among individual movers, Fujikura (+4.4%), Mitsubishi Heavy Industries (+6.2%), and SoftBank Group (+2.9%) posted strong gains. On the downside, Lasertec (-2.7%), Tokyo Electron (-1.3%), and Metaplanet (-14.1%) saw notable declines.

据说日本央行下周将保持基准利率不变。据说日本央行认为选举对利率立场影响不大。日本央行将在加息前观察贸易谈判的影响。

BoJ is said to leave benchmark rate unchanged next week.BoJ is said to see little impact from election on rate stance. BoJ to watch impact of trade talks before any hike.