India, July 21 -- The Japanese yen strengthened against other major currencies in the European session on Monday, after Japan's ruling coalition lost its majority in the upper house, indicating the outcome was mostly priced in. Meanwhile, investors were prepared for market uncertainty ahead of a deadline on U.S. tariff discussions.
Prime Minister Shigeru Ishiba's Liberal Democratic Party only managed to reclaim 47 seats, falling short of the 50 seats it required to secure a majority in the upper house, which has 248 representatives.
Japanese stock markets are closed today for Marine Day holiday.
European shares traded lower as EU leaders prepare for a high-stakes showdown over U.S. tariff threats.
The Wall Street Journal reported that E...