self explanatory chart: Japanese YEN falls below its 20 + year lows, as the Bank of japan begins its intervention. Timed with Fed chairman Jerome POwell's dovish rhetoric in lieu of sticky U.S. inflation. YEn rallies as the DXY (USD) sells. The U.S. and West may never endure deflation again, as embedded stagflation maybe the new 'normal'. Until it isn't.

 



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