Lee Hardman at Mitsubishi UFJ Financial Group said investors are increasingly
betting on a weaker yen, heightening the potential for a rebound if positions
reverse, but a near-term recovery looks unlikely. "There is currently no obvious
catalyst to trigger yen strength," he said. Investor unease over fiscal policy
rose after the Japanese government announced a new multi‑year investment
framework, adding pressure on the currency, which had already been hit by rising
energy prices and the Fed’s recent signals that rates may rise. Further
intervention by Japanese authorities to support the yen may not reverse its
weakening trend.
