高市早苗“放大招” 日元迎命运转折点

Core Viewpoint - The Japanese yen is experiencing upward movement against the US dollar due to increasing concerns over Japan's deteriorating fiscal situation and expectations of delayed interest rate hikes by the Bank of Japan [1][2] Group 1: Economic Stimulus and Fiscal Concerns - The Japanese government approved a significant economic stimulus plan totaling 21.3 trillion yen, marking the largest since the COVID-19 pandemic, with general account expenditures of 17.7 trillion yen, surpassing last year's 13.9 trillion yen [1] - This stimulus plan has heightened market concerns regarding Japan's fiscal health and the potential increase in government debt supply, keeping borrowing costs at multi-decade highs [2] Group 2: Currency Movements and Market Reactions - The USD/JPY exchange rate is expected to test resistance levels around 157.45-157.50, with potential upward movement towards 157.85-157.90, following a recent high [3] - A breakthrough above the 158.00 level could trigger further bullish momentum, while support levels are identified at 156.20-156.25 and 156.00, with significant support expected around 154.50-154.45 [3]