Recent developments in Peru’s presidential race, including the National Jury of Elections confirmation of the June 7 runoff between Keiko Fujimori and Roberto Sánchez, have shaped trader expectations for moderate second-round participation. First-round turnout reached 73.81 percent amid logistical delays that reduced participation in Lima by several points and eroded confidence in electoral institutions. With the two finalists combining for under 30 percent of valid first-round votes in a highly fragmented field, analysts note potential voter fatigue or strategic abstention among supporters of eliminated candidates. Compulsory voting rules remain in place, yet historical patterns and recent polling trends suggest mobilization efforts by the opposing camps could still push figures toward the 70–80 percent range observed in prior runoffs.