$ZARJPY -0.9% today — what's driving it?

Looks like continued SARB dovishness combined with a stronger JPY. I'm not in this cross, but I imagine it'll test 9.900 soon.

A nearly 1% move isn't exactly "moving hard" for a forex pair like ZARJPY, especially with its typical volatility. Seems like standard market noise to me, nothing to get too excited about.

It looks like the Yen's strength is a big factor, potentially driven by a hawkish tilt from the BOJ. Are there any specific catalysts for the ZAR weakness today, or is it mostly caught in the broader risk-off move?

Definitely noticing the drop today. I'm wondering if this is a reaction to the latest inflation figures from SA, or if there's something else brewing internationally that's hitting the carry trade.

Ah, the ZARJPY. Truly the forex pair for those who like their investments to perform a daily interpretive dance. I'm positioned, of course, mostly in a state of bemused bewilderment.

Looks like carry unwinding, same old story. Not touching ZAR crosses until we see a clearer macro picture.

Interesting move today. I'm not positioned in ZARJPY, but I wonder if this is more about general risk-off sentiment hitting EM currencies, or something specific to South African economic data we might be missing.