The joint intervention by the US and Japan may become a "watershed" for the yen's exchange rate. Institutions indicate that the USD/JPY is nearing its peak and is expected to rise towards 125 in the long term.

Zhitong Finance APP has learned that following the rare joint intervention in the foreign exchange market by Japan and the United States, market expectations for the long-term trend of the yen are changing. Stephen Jen, CEO of asset management firm Eurizon SLJ Capital, believes that this joint action may become a "watershed" moment for the yen market, and the dollar-yen exchange rate has likely peaked, significantly reducing the possibility of the yen falling back to the more than 40-year low it previously reached.