A major turning point occurred in the USD/JPY exchange rate following coordinated intervention by Japan and the United States, and there is a view that expectations of a Bank of Japan rate hike have begun to exceed those of a Federal Reserve rate hike. The yen's depreciation momentum may also come to a halt.
It has been pointed out that the USD/JPY exchange rate underwent a major turning point following coordinated intervention by Japan and the United States.
Following this turning point, there is a view that expectations of a Bank of Japan rate hike have begun to exceed expectations of a Federal Reserve rate hike. It has also been pointed out that the yen's depreciation trend could come to a halt depending on future developments.