According to Jinshi, David Lebovitz, global market strategist at JPMorgan, said that if the yen continues to slide against the dollar, it could lead to unstable inflation expectations. He pointed out that the market suggests that 160 may be a key level, and relevant parties do not want to see the yen weaken above this level. He believes that by 160, there may be more voices about the possibility of intervention. Lebovitz said that a weaker yen would help inflation in the Japanese economy. However, although Japan's consumer price growth is driven by the depreciation of the yen, if the yen continues to depreciate, it may "do more harm than good." He also mentioned that the interest rate hikes we saw earlier this year were more of a hint of the upper limit than a step towards a significant tightening of monetary policy.
