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Citigroup analysts pointed out that as part of the trade agreement between Japan and the United States, a $550 billion investment fund may heavily utilize Japan's $13 trillion foreign exchange reserves. U.S. Treasury bonds are a core component of Japan's foreign exchange reserves, and Citigroup analysts believe that Japan's use of these bonds could trigger a chain reaction leading to an increase in long-term U.S. bond yields. This, in turn, could pressure the U.S. to demand Japan extend the maturity of the U.S. bonds it holds. "We do not anticipate a major shift in multi-currency policy leading to a result similar to the 'Plaza Accord,' but there is a possibility of reaching some kind of bilateral 'mini-Plaza Accord,'" Citigroup analysts Osamu Takashima and others noted in the report. "From a currency policy perspective, we believe there will be a continued bias towards a weaker dollar and a stronger yen."