It seems that the USD/JPY and yen crosses experienced a significant drop recently, driven by several key factors that are influencing the market. Here's a summary of the points you highlighted: - **Japanese Wage Data**: The latest wage data from Japan is likely contributing to the anticipation of more aggressive tightening by the Bank of Japan (BoJ). - **Comments from Hideo Hayakawa**: The former BoJ executive’s remarks about higher rates than the market expects are also pushing the market’s view towards further tightening. - **Kazuhiro Masaki's Remarks**: The BoJ’s Policy Head noted that with underlying inflation heading towards the 2% target, the BoJ could continue hiking rates. - **Akazawa's Speech on Wage Boosting**: Economy Minister Akazawa’s comments about efforts to raise wages and eliminate deflationary expectations are reinforcing the idea that inflation is becoming more sustainable. Regarding Rabobank's outlook, their note suggests that the market consensus of slow BoJ rate hikes could be tested, with May looking increasingly likely for another rate hike. Rabobank’s forecast for USD/JPY is 145.00, indicating they expect a further weakening of the yen relative to the dollar. Additionally, with **Naoki Tamura**, a noted BoJ hawk, scheduled to speak today, traders will be closely watching for any hawkish signals that could further support the yen's recent weakness. All of this signals an environment where the BoJ may be more aggressive than expected, which could drive more volatility in the USD/JPY and other yen crosses. #SeputarTrading #ForexTrick