Mizuho said that the Bank of Japan's suspension of interest rate hikes will put pressure on the Japanese yen.

Resona said that the "temporary pause" in the Bank of Japan's monetary tightening cycle will increase selling pressure on the Japanese yen, and market attention will once again focus on the low interest rate environment in Japan. "The cooling of expectations for interest rate hikes increases the risk of depreciation of the yen," wrote Shoki Omori, chief strategist at Resona Securities in Tokyo, in a report, adding that the movement of the US dollar will still be key. Due to the uncertainty of US-Japan trade, the Bank of Japan's interest rate hike has been postponed, and the US dollar rose to 144.74 against the Japanese yen, the highest level since April 10th.