Investors betting on the Fed rate hike, the yen falls to nearly a one-year low, bearish bets hit a nine-year high.

According to the Wisdom Financial APP, the yen to dollar exchange rate fell to its lowest level in nearly a year on Wednesday, affected by the market's expectations of further interest rate hikes by the Federal Reserve within the year, which has led to speculation in the market about the Japanese government intervening in the currency market again. Data shows that the yen to dollar rate fell by 0.2% at one point, touching 160.79 yen to 1 US dollar, the lowest level since July 2024. Meanwhile, the US dollar has been generally strong in the global foreign exchange market, with investors continuing to bet that the Federal Reserve will further tighten monetary policy later this year, putting pressure on major non-US currencies.