Core Viewpoint - The potential early election in Japan may become a short-term theme in the yen asset market, as indicated by the chief Japanese foreign exchange and interest rate strategist at a U.S. bank [1] Group 1 - Reports suggest that Prime Minister Fumio Kishida is considering dissolving the House of Representatives, leading to a sell-off of the yen and Japanese government bond futures, while buying Nikkei futures in the New York market last Friday [1] - Unless the related reports are denied, the market is expected to continue the initial trend observed last Friday throughout this week [1] - The bank believes that the likelihood of foreign exchange intervention is low when the USD/JPY is below 160, but the probability of intervention will significantly increase if the exchange rate enters the 162-165 range [1]