Benzinga's Political Round Up (LMT, RTN, FXY, TM)

Last night, the Prime Minister for Japan was decided, and Naoto Kan beat Ichiro Ozawa. This sent the yen, and the Japanese Yen ETF FXY higher, before coming off its highs. It immediately shot up to a 15 year high. This will hurt exporters like Toyota TM if the yen continues to stay high. The Pentagon announced plans to cut costs, saying it wanted to cut $100 billion from its budget over the next five years. This will hurt companies like Lockheed Martin LMT and Raytheon RTN, who are heavily dependent on defense budgets around the world for revenues.