Mitsubishi UFJ: Japan may avoid intervention to boost the yen.

Derek Halpenny of Mitsubishi UFJ Bank stated in a report that with the gradual decline of the currency, the Japanese government may avoid taking intervention measures to support the yen. "The current pace of selling the yen seems acceptable, and if maintained, we may see the Ministry of Finance continue to stand aside." Comments from the Ministry of Finance about possible further intervention have weakened. He noted that the one-month implied volatility of the USD/JPY pair, which measures the expected price movement in the options market, is relatively low, and Japanese government bonds remain stable while the stock market is at record highs. Therefore, he said that the Ministry of Finance may allow the USD/JPY to slowly rise. Data from the London Stock Exchange Group shows that the US dollar rose 0.1% to 162.62 yen, previously hitting a 40-year high of 162.83 yen.