This week, the Japanese yen exchange rate fluctuated violently in the foreign exchange market, with the maximum appreciation exceeding 8 yen. On April 29, the yen once depreciated to 160 yen per US dollar, which was the lowest point in 34 years. However, market observers believe that the Japanese government and the Bank of Japan conducted multiple interventions, causing the yen to reverse its appreciation. On May 3, the U.S. employment data for April was lower than expected, and expectations of a rate cut by the Federal Reserve increased, narrowing the interest rate gap between Japan and the U.S., prompting the market to sell the U.S. dollar and buy the Japanese yen, pushing the Japanese yen exchange rate up to 151.51 to 151.99 per U.S. dollar. meta interval. However, the market generally believes that the Bank of Japan's intervention effect is short-lived. With the significant interest rate gap between Japan and the United States, the depreciation trend of the yen is difficult to reverse. The future monetary policy trends of the Federal Reserve and Bank of Japan will continue to affect the yen exchange rate. #日元汇率