I posted earlier on the lack of any obvious catalyst for the gains in JPY:

That's still the case although I am beginning to see some generic 'hedge funds now bullish yen' tweets and what have you.

The USD/JPY slide began on Friday and its extended today. USD weakness is pretty much across the majors board, but it's the yen the stand out.

usdyen update 2 19 August 2024 2