Svmuu News: The U.S. dollar briefly rose above 161.90 against the yen before plunging sharply to 161.20. However, buying interest emerged during this decline, and the exchange rate quickly rebounded to 161.65. Japanese officials have repeatedly issued warnings, stating that they are closely monitoring market movements. Last Friday, the USD/JPY exchange rate recorded its highest weekly closing price in 40 years, and the end of the war in Iran does not appear to have brought any relief. This morning’s rally broke through the June high of 161.80, but the July 2024 intraday high of 161.94 remains unbroken (though it is hanging by a thread). As the Ministry of Finance faces a test, yen trading is set to enter a period of uncertainty. (Jin Shi)