Mitsubishi UFJ: The yen is unlikely to strengthen without a catalyst

```htmlGolden Ten Data reported on July 7th that in a recent report, Lee Hardman from Mitsubishi UFJ Bank stated that investors are increasingly betting on the weakening of the yen, highlighting the currency's potential to rebound when the situation reverses. However, such a rebound appears unlikely in the short term. "Currently, there is no clear catalyst to trigger a yen resurgence." After the Japanese government announced a new multi-year investment framework, investor concerns about fiscal policy have risen. He pointed out that this has added pressure on the yen, which had already been hit by rising energy prices and recent signals from the Federal Reserve suggesting that interest rates may increase. Further intervention measures by Japanese authorities to support the yen may not be sufficient to reverse its weakening trend.```