USD/JPY became the focus of the week. After the exchange rate fell below the 155 mark, the dollar's decline further intensified. This prompted foreign exchange traders to review historical sell-offs to determine the potential room for this round of decline. The pair fell below 153 during the Asian session on Tuesday, with a cumulative decline of more than 700 points over a week. In the past five years, the dollar has experienced three rounds of declines of 20 points or more against the yen. If history repeats, there is a possibility that the exchange rate will drop sharply below 150 starting from the July high. For such a decline to occur, the Bank of Japan's hawkish policy tone will need to continue until next week's policy meeting. Traders seem to have begun to evaluate this scenario. In particular, Prime Minister Sanae Takaichi did not express any opposition to further interest rate hikes. The strengthening of the yen also spread to the entire G10 currency camp. The latest performance is that the yen strengthened against the New Zealand dollar, and the New Zealand dollar fell to its lowest level against the Japanese yen since December last year.

USD/JPY became the focus of the week. After the exchange rate fell below the 155 mark, the dollar's decline further intensified. This prompted foreign exchange traders to review historical sell-offs to determine the potential room for this round of decline. The pair fell below 153 during the Asian session on Tuesday, with a cumulative decline of more than 700 points over a week. In the past five years, the dollar has experienced three rounds of declines of 20 points or more against the yen. If history repeats, there is a possibility that the exchange rate will drop sharply below 150 starting from the July high. For such a decline to occur, the Bank of Japan's hawkish policy tone will need to continue until next week's policy meeting. Traders seem to have begun to evaluate this scenario. In particular, Prime Minister Sanae Takaichi did not express any opposition to further interest rate hikes. The strengthening of the yen also spread to the entire G10 currency camp. The latest performance is that the yen strengthened against the New Zealand dollar, and the New Zealand dollar fell to its lowest level against the Japanese yen since December last year.