The Yen will come back and bite Kuroda in the hind quarters.

Its Kuroda vs. Lagarde, as who will destroy the economy quicker.

Looks like a typical friday stop loss hunt...I would say 125 soon.

Yen is coming back!!

The longer the "can't miss, can't lose" JPY carry trade goes on, the more grotesque the leverage in the trade will grow, and the more vicious the risk-off counter move will be when there is, oh, say, a major geopolitical surprise overnight/over the weekend.

What a idiot

nice.. thanks for the 40pips..

Japan monetary policy stayed almost the same during pandemic. Their economy did not suffer such a hard hit as US and EU. Money in cicrculation was not raised so much to inflate JPY. The problem is that world banks are raising rates while Japan doesent have need for that action which will slower their economy. Higher rate,less money in supply,less money for buisnesses etc..so what is happening right now is that investors are taking money from JPY bonds and switching to USD or GOLD. Because of that YEN is losing its value and its causing inflation which will probably lead to rate spike.

So 135 is coming in a few weeks.

All time high could show it's face again

nice trend

Can anyone tell me please why inflation in Japan is not getting higher like every other parts of world?

Do it Kuroda! Do it!

Be careful of stop hunting

Because inflation is only going to happen if the demand for good is increased (people have more money to spend). Japan has kept salaries at the same level for last several decades, which caused deflation. Kuroda is trying to artificially cause inflation with devaluation of Yen, which IMO will help export but since Japan imports all raw materials, profits will flow somewhere else, and Japans economy will weaken.