As the yen fell again to 150 and weaker against the US dollar, intervention risk once again became the focus of investors' attention. After two consecutive weeks of decline, the yen fell to a low of 149.98 on Monday. In the five days ending October 4, the yen recorded its biggest weekly decline since 2009. The prospect of further depreciation of the yen prompted strategists to warn that the risk of intervention around the 150 mark or 200-day moving average of 151.25 is rising. The recent cautious attitude of Japanese officials means that the market believes that the spread between the US and Japan will not narrow as fast as previously anticipated. The new prime minister, Shigeru Ishiwari, said that Japan is not ready to raise interest rates further, while strong US data pushes traders to cut their bets on the Federal Reserve's monetary easing. Federal Reserve Governor Christopher Waller said on Monday that interest rate cuts must be cautious. “The key is whether the yen will fall below 152,” said Takuya Kanda, head of research at Gaitame.com Research Institute. He pointed out that this is a critical level because the yen soon fell to 160 after the last time it fell below this level.

As the yen fell again to 150 and weaker against the US dollar, intervention risk once again became the focus of investors' attention. After two consecutive weeks of decline, the yen fell to a low of 149.98 on Monday. In the five days ending October 4, the yen recorded its biggest weekly decline since 2009. The prospect of further depreciation of the yen prompted strategists to warn that the risk of intervention around the 150 mark or 200-day moving average of 151.25 is rising. The recent cautious attitude of Japanese officials means that the market believes that the spread between the US and Japan will not narrow as fast as previously anticipated. The new prime minister, Shigeru Ishiwari, said that Japan is not ready to raise interest rates further, while strong US data pushes traders to cut their bets on the Federal Reserve's monetary easing. Federal Reserve Governor Christopher Waller said on Monday that interest rate cuts must be cautious. “The key is whether the yen will fall below 152,” said Takuya Kanda, head of research at Gaitame.com Research Institute. He pointed out that this is a critical level because the yen soon fell to 160 after the last time it fell below this level.