inversion and time-reversal symmetries, e.g., by the interplay of spin-orbit coupling and magnetic field. So far, observation of nonreciprocity was always tied to resistivity, and dissipationless nonreciprocal circuit elements were elusive. Here, we engineer fully superconducting nonreciprocal devices based on highly-transparent Josephson junctions fabricated on InAs quantum wells. We demonstrate supercurrent rectification far below the transition temperature. By measuring Josephson inductance, we can link nonreciprocal supercurrent to the asymmetry of the current-phase relation, and directly derive the supercurrent magnetochiral anisotropy coefficient for the first time. A semi-quantitative model well explains the main features of our experimental data. Nonreciprocal Josephson junctions have the potential to become for superconducting circuits what pn-junctions are for traditional electronics, opening the way to novel nondissipative circuit elements.