Limit Up! 21st July 2025

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Overnight

• The ruling Liberal Democratic Party (LDP) and its coalition partner Komeito lost their majority in the 248‑seat upper house, winning approximately 46–49 seats out of the 125 contested—failing to reach the 50‑seat threshold needed for control.

• It’s the first time since 1955 that the LDP has lost its commanding presence in both houses of Japan’s Diet.

Japan now faces a hung parliament, with the ruling coalition lacking control in both houses. Ishiba remains in office but in a weakened state, grappling with internal dissent, legislative hurdles, and stalled trade negotiations with the U.S. Populist and moderate opposition parties are growing stronger, reshaping Japan’s political terrain.

Breaking

Bitcoin

BTC nearly tagging support again this morning.

BITCOIN/USD Daily

Commodities

Silver continuing to edge higher. Plenty of speculation over the weekend about bullion banks having their margins called after massive futures deliveries on COMEX.

SILVER/USD Daily

Foreign Exchange

EURO now clearly out of the uptrend as USD weakness stalls.

EUR/USD Daily

Bonds

Japanese yields fall despite the election result, but the trend is clear.

Japan 10 Year Government Bond Yield Daily

Interesting

The US economy is more fragile than it appears [FT]

Economic Indicators Today