The U.S. dollar has regained pump momentum, and the risk of intervention in the yen's fall remains high

(1) The U.S. dollar resumed its rally on Wednesday and is currently trading around 105.57 pump 0.2%, edged higher after fall earlier on renewed bets that the Federal Reserve will cut interest rates this year, while USDJPY rose above 155, keeping the risk of intervention from the Tokyo authorities high. (2) USD/JPY pumped 0.35% to 155.23, away from the low of 151.86 set last week when the Japanese authorities suspected of intervening to depreciate the yen. (3) Analysts said that any intervention by the Japanese authorities would only provide a temporary respite for the yen, given that interest rate differentials between the United States and Japan are still wide. (4) Central Bank Governor Kazuo Ueda said on Wednesday that the Central Bank may take monetary policy action if the yen’s move has a significant impact on inflation, and further warned about the impact of the yen’s recent sharp depreciation on the economy. Finance Minister Shunichi Suzuki once again warned that the Japanese authorities are ready to deal with excessive Fluctuation in the Forex market. (5) Commonwealth Bank of Australia forex strategist Carol Kong said. “If we see a sudden sharp rise in the USD/JPY Exchange Rate, then I expect them to enter the market to support the yen.” But if we continue to see a gradual move higher, I doubt they will step in, but obviously there is a risk"