editor 
Yen traders are preparing for September 2022Newcasinonodepositbonus2021To prepare for a repeat of the scene. At that time, after the Bank of Japan reiterated its loose monetary policy, Japan intervened in the market to support the weak yen.
Given that the yen is already much weaker than it was then, and that US interest rates are unlikely to fall any time soon, the lack of hawkish comments by Kazuo Ueda, governor of the Bank of Japan, on Friday may be enough to propel the yen to a turning point. According to an analysis of the remarks made by Shinji Kanda, the financial officer, the top foreign exchange official of Japan's Ministry of Finance, the exchange rate to the dollar is 157.Newcasinonodepositbonus202160 yen is a key level of the yen exchange rate that deserves our attention.
Although the yen continued to fall and broke through 155 to the dollar on Wednesday for the first time in more than 30 years, there is no sign that the Ministry of Finance is buying the yen. But that could change quickly, with a range of factors that could trigger a sharp fall in the yen and spur the Tokyo authorities to take action.
Traders will be on high alert, keeping a close eye on the BoJ's policy statements and forecasts around noon on Friday, followed by a press conference in the afternoon by Kazuo Ueda and the release of the Fed's preferred inflation indicator. In addition, Japan will have a public holiday next Monday and Friday, and light market trading poses a risk of volatility.
Shoki Omori, chief trading strategist at Mizuho Securities in Tokyo, said that looking back on 2022, the intervention did have an impact, putting pressure on those who held short yen until the USDJPY resumed its upward trend. "the spread is too large and investors will continue to have an incentive to be long on the currency pair."Newcasinonodepositbonus2021He said.
Real Kanda said last month that the 4 per cent depreciation of the yen in two weeks did not reflect fundamentals and was unusual. According to compiled data, if the yen depreciates to 157Newcasinonodepositbonus2021About 60 yen will reach this threshold.
Tokyo time Thursday 15: 53 yen extended the decline to 155.62 yen to the dollar.