The yen's departure from the region suspected of triggering intervention before the easing of US inflationary pressure led to a narrowing of interest spreads between the US and Japan

The yen strengthened and gradually moved away from areas suspected of triggering intervention in recent weeks. The trend began to look similar to 2022, when weak US economic data prevented the Japanese government from taking action. Signs of easing inflationary pressure in the US prompted bets that the Federal Reserve will ease monetary policy during the year. As a result, the US dollar generally weakened against other currencies, and the yen became one of the major currencies with the biggest increase. The yen rose 0.8% on Thursday, although data showed that Japan's economy contracted more than expected in the first quarter. “The latest rebound in yen reduces the need for authorities to intervene,” Market Risk Advi

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