Japan's Finance Minister Katayama Satsuki and Minister of Economy and Finance Minoru Jonai's remarks boosted the overall strengthening of the yen today. Both denied pressuring the Bank of Japan to keep interest rates unchanged, and urged GPIF to invest in Japan. Katayama Satsuki's remarks urging GPIF and other investors to increase their investment in Japan sparked strong reactions. The yen, Japanese treasury bonds, and the stock market all rose after this news broke. The USD/JPY exchange rate plummeted from 162.43 to 161.45 on the EBS platform. Investors with long positions reduced their positions, and whether foreign investors also made adjustments through foreign exchange hedging. The fall in the US dollar is seen as beneficial to Japanese importers. Affected by rising fuel costs and the weakening yen, Japan's wholesale inflation rate in June reached its highest level in more than three years. The daily chart shows that the dollar has fallen back to the equilibrium benchmark area of 161.17 against the yen.

Japan's Finance Minister Katayama Satsuki and Minister of Economy and Finance Minoru Jonai's remarks boosted the overall strengthening of the yen today. Both denied pressuring the Bank of Japan to keep interest rates unchanged, and urged GPIF to invest in Japan. Katayama Satsuki's remarks urging GPIF and other investors to increase their investment in Japan sparked strong reactions. The yen, Japanese treasury bonds, and the stock market all rose after this news broke. The USD/JPY exchange rate plummeted from 162.43 to 161.45 on the EBS platform. Investors with long positions reduced their positions, and whether foreign investors also made adjustments through foreign exchange hedging. The fall in the US dollar is seen as beneficial to Japanese importers. Affected by rising fuel costs and the weakening yen, Japan's wholesale inflation rate in June reached its highest level in more than three years. The daily chart shows that the dollar has fallen back to the equilibrium benchmark area of 161.17 against the yen.