Japan’s ruling Liberal Democratic Party and the Japan Innovation Party have reached a broad agreement to form a coalition government, paving the way for the country to see its first female prime minister, Kyodo News reported on Sunday.

According to the report, LDP leader Sanae Takaichi and Ishin chief Hirofumi Yoshimura are expected to formally sign their coalition pact on Monday.

Yen is a little stronger on the news over the weekend.

USD/JPY is around 150.40.