According to Jinshi, Fiona Lim, senior foreign exchange strategist at Maybank, said that the market is testing Japan's tolerance for the rapid decline of the yen, and the momentum for the yen to effectively fall below the 160 mark against the US dollar is clearly in place. The pace of depreciation is accelerating. If no intervention is made, the next level of danger is like trying to catch a falling knife, especially when the Federal Reserve may hint this week that it will wait longer to cut interest rates. If the yen continues to fall at the current rate, the possibility of intervention becomes greater, especially when there are obvious signs of speculation in the yen. So far, there may be no intervention because of timing. If the Fed hints that the possibility of a rate hike will reappear, it may push the USD/JPY higher again through rising US Treasury yields and effectively offset any actions Japan may take today.