The yen had a pretty active year, and it looks like next year is shaping up to have plenty of volatility as well. In 2022, most of the year was dominated by a weakening yen as central banks around the world raised rates, while the BOJ kept its extraordinary easing in place. The yen got so weak that the Japanese government stepped in, ordering the BOJ to intervene to stop its fall on at least two occasions. There was rampant speculation that the BOJ and the Fed would partner to prevent the currency from sliding. Then, the situation stabilized. Inflation started to creep up, and it looked like the Fed is getting near ... (full story)