According to a report by Jinshi Data, Mitsubishi UFJ analyst Derek Halpenny stated that the yen will continue to be supported, as Japan's latest inflation data may increase the likelihood of another interest rate hike later this year. Although market expectations for a Bank of Japan rate hike are not high, the prospect of a rate hike in the context of other G10 central banks cutting rates is unique. This may put pressure on the dollar against the yen, as market participants are increasingly confident about the Fed's further rate cuts later this year.