Yen Weakness and Speculation of Ministry of Finance Intervention

The market may view the USD/JPY exchange rate as justified above 150, higher than the Ministry of Finance's presumed line of defense.

If 150 is seriously breached, the Ministry of Finance may have to intervene significantly in currency markets.

Market assumptions about the Ministry of Finance's 150 line of defense could become a self-fulfilling prophecy.

Information provided is forward-looking and involves risks - it should not be construed as investment advice.

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