Yen futures rally after Japanese elections as stocks move lower.

U.S. stock futures are trading lower as the market reacts to significant political developments in Japan. Prime Minister Sanae Takaichi secured a landslide victory in a snap election, providing a mandate for her economic agenda. This result has propelled the yen to its strongest performance since January, subsequently weighing on the U.S. dollar. While equities face pressure, metals like gold and silver are seeing gains. Investors are also monitoring a busy schedule of central bank speakers and preparing for key retail sales data. With a massive wave of corporate earnings reports from companies like Coca-Cola and Disney on the horizon, traders are looking for clues regarding the timing of future Federal Reserve policy shifts and the broader outlook for inflation.