💹 Japanese Yen Posts Worst Year On Record: Cable FX Macro

• Monetary policy divergence, Japanese current account and broad energy prices pressured the yen vs the G10 in 2022

• The JPY is set to close lower vs the dollar by almost 20% this year, this would be the worst year on record, followed by 1980.

• USD/JPY has retraced on Friday to trade lower by 1.0% at 142.7. As of time of writing, the yen is moving an average of 150 pips to the dollar every day for the last two-weeks