JPY Reckoning

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JPY ReckoningU.S. Dollar / Japanese YenFOREXCOM:USDJPYKokokokoloInflation pressure is real in Japan, consumer sentiment crushed. I have been tracking this trade for a couple of weeks now. Signal from the news just now: „TOKYO, April 12 (Reuters) - Bank of Japan monetary policy could be an option to tame rising prices by boosting the yen, ​Japan's trade minister said on Sunday, as the central ‌bank weighs raising interest rates this month to counter inflation spurred by the Iran war. (…) Hideo Kumano, chief economist at Dai-ichi Life Research Institute, said ​on the programme on public broadcaster NHK that if BOJ policy were used to strengthen the yen by around 10% to 15%, it ​could suppress price rises across the economy, including on food, ​which accounts for a large share of household spending.“