• USD/JPY options had shown concerns about LDP election outcome this week

• Demand for topside strikes stood out over fears about Sanae Takaichi win

• Takaichi 50/50 to win in final run-off Friday nL1N3L905H

• Implied volatility higher with spot, despite JPY call risk reversal premium

• USD/JPY now above 146.00 to give implied volatility a further boost

• Benchmark 1-month expiry implied vol is 12.5 from 11.5 on Monday

• 1-week expiry implied volatility extends gains after including 4 Oct. NFP

• Related comment nL1N3L80C9 FX Options wrap nL1N3L80KR

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