We've got the yen, something like nearly 4% up from where it was yesterday we got at the moment also bonds under pressure. The U.S. ten year yielding 3.68%. This is Bloomberg. On the latest edition of the tape podcast, a conversation with Kathleen Hayes of Bloomberg television on the bank of Japan. Kathleen, I came in here and listened to the energy John farrow and Tom Keane have about the BOJ. I'm like, I don't know. Can you tell me why this is important? Why is this important? Oh my God. First of all, being surprised, I was sitting on the 6th floor in front of our camera up there, getting ready to react to this with our team in Tokyo and Asia. And when I saw the headline come across, widening yield curve control. I was shocked. Everyone was shot. All the signals coming out of the bank of Japan, including governor kuroda, repeatedly was no we're not ready. And the expectation has been, not ready to start making this move. Even with inflation rising, Corona kept saying, well, we don't know if it's sustainable. You know what? There might be a global recession. Bring down prices. That's we need the stimulus. And then we're getting a new governor. The new governor is going to be in place in April. And at that point, that's been the expectation when it would start. But the BOJ has been insisting even when the shift away from extraordinary stimulus started, it would be gradual. And when koda had his press conference last night, one of the things he stressed was we haven't changed our forward guidance and we're still concerned that inflation may not be sustainable, we just have to rise. The spring negotiations start off to the first year probably in late February early March, that it was about financial stability, keeping and there's a big concern about the weekend, right? That's been something that very unpopular with the public. So this is a step. But one thing to say, it's not clear that the regime shift has fully begun, but at the door is definitely wide open. It's clear that's where the BOJ