The CurrencyShares Japanese Yen Trust (NYSEArca: FXY) fell 1.5% on Tuesday and has declined 9.4% year-to-date. Fueling the weakness in the yen against the USD, the Federal Reserve has signaled a hawkish monetary policy stance with multiple interest rate hikes to clamp down on surging inflation, which is at a four-decade high. Japanese Finance Minister Shunichi Suzuki has previously made explicit warnings against the yen's recent plunge, arguing that the damage to the domestic economy from a depreciating currency is greater than the benefits from it.