According to Jinshi, Ulrich Leuchtmann, head of foreign exchange and commodity research at Commerzbank, said that Shinichi Uchida, deputy governor of the Bank of Japan, believes that even if the Bank of Japan ends its negative interest rate policy, it is difficult to imagine how it will continue to raise interest rates rapidly. This shows that only when the interest rate hike can be interpreted as the beginning of the interest rate hike cycle can the interest rate hike be regarded as a positive argument for the yen. Therefore, USD/JPY should have upside potential.