Watching the yen after ZARJPY move

Saw ZARJPY climb to 9.892 today, even touching 9.92556 earlier. Seems like the yen is really struggling for traction against anything, even with rate hike speculation somewhat mixed. I'm wondering if this weakness is more about overall carry trade mechanics or if there's a deeper fundamental narrative unfolding with the BoJ's actual capacity to tighten. Does this persistent yen softness, especially against higher yielders, suggest that the market is just completely discounting any hawkish pivot from the BoJ, or is it more of a global risk-on signal that's just filtering through FX? Might be time to put some yen crosses on the watchlist, like $ZARJPY, to see if this trend has more legs beyond just short-term sentiment.