Japan may have conducted a second round of intervention, but the main downward trend of the yen remains unchanged.

CryptoWorld News reports that analyst Justin Low evaluated the fluctuations in the Japanese yen exchange rate, pointing out that Japan may have carried out a second round of intervention, and the main downward trend of the yen has not changed. He stated that the second round of action should be more effective because trapped speculators will now step back. The USD/JPY once plummeted by 130-150 points, falling back to near yesterday’s low of 155.55, then rebounded somewhat. Considering that Japan feels it is necessary to take a second round of action, this means they are very likely to push the price down to below that level at all costs. The main question is how long can Japan’s Ministry of Finance persist like this? Although they have ample reserves to deploy, it would be somewhat wasteful to consume these reserves just to prove a point to the market. Currently, every fundamental factor is unfavorable to the yen, and policymakers are well aware of this, especially amid ongoing US-Iran conflicts and the continued closure of the Strait of Hormuz.