"Yen" weakens to 145 yen/dollar. Analysts expect the Japanese government may intervene.

CNBC news agency reported that yen has continued to depreciate sinceThe Bank of Japan (BOJ) adjusted its policy to control bond yields in late July. This caused the price of 10-year Japanese government bonds to hit the highest level in nine years.

HSBC analysts predict that The Japanese Ministry of Finance may intervene in the market by supporting the yen back to the 145-148 yen per dollar range. Same as in September 2565, the Japanese government and BOJ previously intervened in the market by purchasing the yen at the level of 145 yen per dollar. And it is expected that if the Japanese authorities do not intervene in the market It may cause investors to turn to short selling the yen again.

Mr. Eisuke Sakakibara, former finance minister of Japan, nicknamed "Mr. Yen" previously predicted that The yen may fall from the more than 30-year low it hit last year. This is because the BOJ's monetary policy is in conflict with that of the Federal Reserve (Fed).

Sakakibara, who influenced the yen when he was Japan's finance minister from 2540-2542, said the yen could drop more than 10 percent from current levels as the BOJ continues to It uses ultra-easy monetary policy while the Fed raises interest rates several times to curb inflation.

“The yen is likely to fall past the 160 yen per dollar level. Which may happen next year. And if the yen moves at the level of 160 yen per dollar. It may cause the Japanese authorities to intervene in the foreign exchange market to support the value of the yen,” Mr. Sakakibara said. He is currently the President of the Institute for Indian Economic Studies.