Touching the 155 level again! The curse of the depreciation of the yen is difficult to break. The divergence between the central bank and the government policies has deepened market concerns.

According to the Wise Money APP, as the Japanese yen exchange rate falls to a level that previously prompted authorities to intervene in the market, traders are increasingly skeptical of whether the new Japanese government can boost the yen through direct intervention. Unlike the intervention on the eve of the central bank's rate hike last year, this time Japan is considering buying yen just as Prime Minister Naoto Kan is signaling a slowdown in the pace of rate hikes. Kan's expansionary spending plan is exacerbating the weakness of the yen, and if officials intervene in the market at this time, they may also deplete foreign exchange reserves intended for supporting Trump's funded American investment plan.