Yen Plummets Further on BOJ Ueda's Stagflation Warning

Japanese Yen has plunged amid Bank of Japan Governor Kazuo Ueda's warning on stagflation risks, with consumer prices above 2% and slowing GDP widening the rate gap to the Fed and ECB. This escalates from his April 16 'no comment' on fading April rate hike odds, followed by an April 17 shift to real interest rates focus after years of negative real rates. Yen volatility spikes, down 8.2% YTD vs USD, fueling carry trades and USD/JPY momentum as markets await wages, bond operations, and policy clues.