日元干预可能不会在日本央行会议前进行

Core Viewpoint - The report by Derek Halpenny from MUFG indicates that prior to the Bank of Japan's policy decision on January 23, Japanese authorities may be hesitant to follow through on their threats to intervene in the yen's depreciation [1] Group 1: Bank of Japan's Stance - The Bank of Japan's Governor, Kazuo Ueda, is likely to maintain a cautious stance regarding further interest rate hikes [1] - This cautious approach could be a factor that leads to the potential failure of intervention measures aimed at supporting the yen [1] Group 2: External Influences - Other influencing factors include Prime Minister Fumio Kishida's plans for an early election and indications from Federal Reserve officials suggesting a pause in interest rate cuts [1] - A more explicit opposition to yen depreciation from the Bank of Japan, along with hints of earlier interest rate hikes, could enhance the success of intervention measures [1] Group 3: Market Reaction - The dollar fell by 0.3% to 158.10 yen [1]