Multiple factors are interwoven, and the Japanese yen will still be under pressure in the short term.

In recent times, the Japanese yen has been shrouded in "dark clouds" and has been falling continuously. On July 16, the yen fell below the 149 level against the US dollar during trading, hitting a new low since April 3. On July 17, the yen once again fell below the 149 level against the US dollar. Since July, the yen has continuously fallen through six levels from 144 to 149 against the US dollar, with a depreciation approaching 3%. Industry insiders analyze that this round of yen depreciation is the result of a combination of three factors: the difficulty of the Bank of Japan raising interest rates, escalating US pressure on Japan's trade, and concerns about fiscal prospects related to the July Japanese Senate elections. The underlying reason is the continued pressure on the Japanese economy. In the short term, it is an undeniable fact that the yen is under pressure. Industry insiders believe that the future trend of the yen exchange rate will depend heavily on factors such as the policy paths of the US and Japanese central banks, trade policies, etc. If the US dollar weakens in the future, the yen may break free from its current difficult situation.