This has been ongoing ever since the onset of the epidemic, and there are no signs that the yen will begin to regain its position. The problem with the Japanese currency being ultra-soft even compared to the European monetary policy, and the 2% inflation that is now settled in Japan is akin to a serious economic victory for the local authorities after several years of either zero inflation or deflation. Therefore, it is exceedingly unlikely that the yen would suddenly begin to strengthen sharply. The pennant on the weekly chart suggests that within a few weeks one can expect either a consolidation of prices in the range of 136-138 yen per euro and a subsequent exit to 150 in July-August, or this milestone will be taken at the end of June.