US Bloomberg recently reported that in order to support the yen exchange rate, the Bank of Japan may have used about 87 billion US dollars, equivalent to 11 trillion yen, in the latest round of foreign exchange intervention. Market analysts pointed out that during the wave of foreign exchange market intervention from April to May this year, the yen exchange rate also rose rapidly from 160 to 1 US dollar to the 155 to 1 US dollar range. However, due to the structural weakness of the Japanese currency, including the Japan-US dollar spread, rising oil prices, and expectations of interest rate hikes from the Federal Reserve, the effect of that round of hitting more than 70 billion US dollars only lasted for more than a month. Considering that these factors that weigh down the yen still exist, it is uncertain how long the yen will continue to rise even if the US makes a rare joint intervention in the yen this time.

US Bloomberg recently reported that in order to support the yen exchange rate, the Bank of Japan may have used about 87 billion US dollars, equivalent to 11 trillion yen, in the latest round of foreign exchange intervention. Market analysts pointed out that during the wave of foreign exchange market intervention from April to May this year, the yen exchange rate also rose rapidly from 160 to 1 US dollar to the 155 to 1 US dollar range. However, due to the structural weakness of the Japanese currency, including the Japan-US dollar spread, rising oil prices, and expectations of interest rate hikes from the Federal Reserve, the effect of that round of hitting more than 70 billion US dollars only lasted for more than a month. Considering that these factors that weigh down the yen still exist, it is uncertain how long the yen will continue to rise even if the US makes a rare joint intervention in the yen this time.