The Federal Reserve's decision may drive the USD/JPY up to the 164 yen level

According to Jinshi News, Hirofumi Suzuki, the chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation, stated that the Federal Reserve's interest rate decision and the speech by Fed Chair Waller could push the USD/JPY exchange rate up to the 164 yen level. If this situation occurs, given that Japanese financial authorities have already intensified warnings, the possibility of foreign exchange intervention will significantly increase.

If the yen continues to depreciate after the Bank of Japan's monetary policy meeting on Friday, this could become an opportunity to trigger intervention.