Analyst: The rebound of the yen may further continue.

Analyst Daniela Hathorn from Capital.com stated in a report that the momentum of the yen's rebound may continue further after Japan's Finance Minister warned of intervention to support the yen. "While verbal comments may not change the fundamentals, they can be very effective when positions are at extreme levels," she said. Therefore, the yen's pullback may continue for several trading days. However, the US dollar to yen exchange rate may remain volatile, as Tokyo's December inflation data is set to be released on Thursday, especially if the data worsens concerns about the Bank of Japan falling behind in raising interest rates amid increasing price pressures. The US dollar fell 0.2% to 155.94 yen, above the chart support level at 154.40 yen. Hathorn mentioned that the sticking point for authorities seems to be at 158.00 yen.