CNBC Daily Open: Takaichi and the AI trade in focus this week

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

There’s nearly nothing that apparently can’t be deployed as a trading strategy. We have the “TACO” trade, the Fed put trade, the artificial intelligence trade and, now, capturing traders’ attention is the “Takaichi trade” — fueled by Japan’s Prime Minister Sanae Takaichi’s landslide victory in Sunday’s elections.

The Takaichi trade is fueled by expectations that the prime minister’s economic policies will boost equities, while weakening the yen

as she prefers a looser monetary policy and higher government spending.