Japanese currency in freefall after inflation push, Daniel Lacalle argues

Japanese currency in freefall after inflation push, Daniel Lacalle argues
Japanese yen drops after inflation focus

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, argues that Japanese governments' aggressive pursuit of inflation has led to the currency falling sharply.

He expresses skepticism about Keynesian policies and points to a graph from JP Morgan that appears to illustrate the decline.

Lacalle has previously noted that the U.S. dollar index climbed above 100 as global demand for U.S. assets hit a record high. In a separate commentary, he observed that U.S. WTI oil prices dipped below $69 per barrel as geopolitical risks eased and supply normalized. These observations add context to his latest views on currency movements.

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