Yields on Japanese government bonds rose sharply: 10-year yields rose to 1.595% and 30-year yields reached an all-time high of 3.195%. This is happening against the backdrop of approaching elections and persistent inflation expectations. According to a BOJ survey, 85.1% of households expect prices to rise over the course of the year and average expected inflation reached 12.8%, the highest since 2006. Despite the robust data, analysts believe that uncertainty over trade conflicts will deter the BOJ from taking further steps to raise rates in the near term. If this is true, the yen may remain under pressure, and for the pair USD/JPY there will be an incentive to continue to grow. However, at the moment the quotes have approached the 148.00 mark, where the sellers' activity is likely to resume.