So the US Fed interest hit 5.25-5.5% last summer. I understand the yen weakness as a result of that last year and in response to that.
However why with no obvious change in US Fed Rates did the yen grow weaker this year?
It went from 140 start of the year to 160 currently without any clear reason and Im not sure why?
Is it perhaps because Japanese inflation cooled while US did not and the Fed Interest rate stayed the same?
And reasonably how will yen return to pre covid levels of 100-110?
by Sharp-Sherbet9195