The Zhitong Finance App learned that after a rare joint intervention in the foreign exchange market between the US and Japan, the market's expectations for the long-term trend of the yen are changing. Stephen Jen, CEO of asset management agency Eurizon SLJ Capital, believes that this joint action may be a “watershed moment” for the Japanese yen market. The exchange rate of the US dollar against the yen is likely to have peaked, and the possibility that the yen will fall back to the low of more than 40 years previously hit in the future has declined markedly.

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