Self explanatory chart: Japanese yen falls to 37 year lows, on the back of U.S. Dollar strength and rising (short end) U.S. yields. Fed chairman fails to lift the YEN with dovish comments. MArkets are not buying the inflation fight is nearly over rhetoric. Remember, Japan is a net importer of oil. China 'slowdown' maybe stagflation lite.

 

* U.S. Federal Reserve Chair Jerome Powell is "Mr. Yen." He has been for some time, but it has taken a while for the world to catch on - Japanese Times

* Japanese yen falls to weakest level since 1986 - FT

* US job openings rise to 8.1 million despite higher interest rates - ABC (what deflation?)

* Oil Poses More Risks for Yen as Japan Depends on Imports - Bloomberg

* Japan has higher dependence on energy imports than others - Bloomberg

* China continues to lift crude oil stockpiling amid weak refinery runs - Reuters 

Doesn't look like a global slowdown. 

___

All YEN commentary and analysis on CHIASMUS, please refer: https://chiasmusmagazine.blogspot.com/search/label/YEN