The end of quantitative easing is not positive for the yen at all, and the market is likely to find out in coming weeks time after having already bought the yen.

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

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

Strong job figures will surely reinforce the view the U.S. economy remains robust enough for the Fed to head for further rate increases. The dollar will be strong.

Politicians' remarks opposing a policy shift have reduced expectations of an early end to the deflation-fighting policy and raised concern over the independence of the central bank. It also harms the government's credibility; It's yen negative.

Unlike past national elections, it seems swing voters in urban areas are supporting the LDP this time.