According to Jinshi, Philip Wee, senior foreign exchange strategist at DBS Bank, said that the decline in the PCE price index, the preferred inflation indicator of the Federal Reserve to be released on Friday, may pave the way for Japanese authorities to intervene in the yen. The PCE price index data should continue to reflect the decline in the CPI data. If so, the US 10-year Treasury yield may encounter resistance at 4.36% and fall. In addition, the US dollar against the yen is in an overbought state on the technical chart, with the 14-day relative strength index (RSI) exceeding 70.