The Japanese yen has been demolished lately, thanks to the Bank of Japan’s reluctance to join the global tightening party. There are growing whispers that Japanese authorities are about to intervene in the FX market, but this doesn’t seem like a realistic option yet. The yen has taken a heavy beating lately. Central banks around the world are raising interest rates to combat inflation, yet the Bank of Japan refuses to play this game. That’s because there isn’t much inflation to fight. The yearly CPI rate remains under 1%, defying the global inflationary storm. In fact, if it wasn’t for the chaos in supply chains and ... (full story)