Svmuu News: Sean Callow, Senior Forex Analyst at InTouch Capital Markets, said that the most striking aspect of the yen’s depreciation over the past few weeks has been the relatively smooth and orderly nature of the exchange rate movements.He added that the USD/JPY exchange rate has shown a moderate upward trend, without the sharp volatility that Japanese authorities typically cite to justify intervening in the foreign exchange market. Callow pointed out that the decline in oil prices should have provided some support for the yen, but interest rate factors remain the key drivers of the market.Strong U.S. economic data has reinforced market expectations that the Federal Reserve will raise interest rates this year; although the Bank of Japan (BOJ) took action in June, a 1% yield is not attractive for a currency that is already trading near a 40-year low against the U.S. dollar. (Jin Shi)