Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Weaker Yen had its days and as of now it's simply losing its charm. Japan had a major Yen advantage, when Bank of Japan introduced record monetary easing back in 2012, however over the years as other central banks' ease policy especially European Central Bank (ECB) and Emerging market currencies dropped.
China and emerging market weakness coupled with lost charm of Yen took its toll on Japan's current account surplus, which dropped more than expected in September. Especially in September report, profits from investment abroad dwindled.
- Current account surplus for September was just ¥1.468 trillion or $11.9 billion, down 11% from last month. Median expectation was for surplus to widen by 30% to ¥ 2.15 trillion. Surplus was smallest since June.
- In recent months, primary income has been major source of current account surplus, which dropped from ¥2.05 trillion in August to ¥1.67 trillion in September.
- Goods and services recorded surplus but way small at ¥ 37.1 billion.
However broadly speaking, Yen may have lost some of its charm but hasn't lost completely. Surplus was 15th at a stretch and it's still up 50% from a year ago.
Bank of Japan (BOJ) is likely to expand policy further but currently take a more wait and watch approach looking to FED and ECB in December.
Yen is currently trading at 123.2 against Dollar.
