Keiko Fujimori leads the June 7 runoff against Roberto Sánchez Palomino after placing first in the April first round with about 17 percent of the vote in a fragmented field, while Sánchez advanced second at roughly 12 percent. Late May polls from Ipsos and Datum show Fujimori holding a 3- to 4-point edge with 38-40 percent support against Sánchez’s 35-36 percent, though roughly 27 percent of voters remain undecided or inclined toward blank ballots. Sánchez, a leftist congressman and former cabinet official under imprisoned ex-president Pedro Castillo, faced campaign finance charges in mid-May. Traders price Fujimori as the clear favorite consistent with these polling trends and her experience in prior runoffs, while noting the narrow margin and potential for late shifts from undecided voters.