日元汇率急跌后，前日本央行官员给出“官方干预线”：160关口

Core Viewpoint - Japanese authorities may tolerate a moderate depreciation of the yen, but significant declines below 160 yen per dollar could prompt intervention [1][2] Group 1: Market Reactions and Expectations - The recent unexpected victory of candidate Sanae Takaichi has lowered market expectations for a short-term interest rate hike by the Bank of Japan, leading to the largest weekly decline of the yen this year [1] - The yen is expected to drop nearly 4% this week, marking the largest decline since early October last year, with the current exchange rate around 153 yen per dollar [2] - Market participants view 160 yen per dollar as a critical threshold, increasing the likelihood of currency intervention [2] Group 2: Potential Government Actions - Takaichi has expressed a desire to avoid excessive depreciation of the yen but has not issued warnings regarding the recent decline, acknowledging both advantages and disadvantages of a weaker yen [2] - Japanese Finance Minister Katsunobu Kato stated that authorities are monitoring excessive and disorderly exchange rate fluctuations, indicating a readiness to intervene if necessary [2] Group 3: Economic Implications - The focus of Japanese authorities has shifted since 2022 from preventing excessive appreciation of the yen to avoiding significant depreciation, which could exacerbate inflation and harm consumer purchasing power [2]