Recent confirmation by Peru’s National Jury of Elections that Keiko Fujimori and Roberto Sánchez advanced from the fragmented April 12 first round to the June 7 runoff has solidified trader expectations for Fujimori’s victory. Her 17 percent first-round share, backed by Popular Force’s congressional organization and focus on citizen security, contrasts with Sánchez’s narrower 12 percent base tied to Juntos por el Perú and former president Castillo’s supporters. A prolonged vote count marked by logistical delays and fraud claims narrowed the gap for second place but left Fujimori in the stronger position heading into the head-to-head contest. Traders view her established network and moderate-right appeal as decisive advantages in a polarized runoff.