Dutch International: If the Bank of Japan delays further interest rate hikes, the yen may remain weak Chris Turner from Dutch International Group stated in a report that if the Bank of Japan raises interest rates by 25 basis points to 1.00% on Tuesday and does not raise them again until December, the yen should remain weak. He said that this will keep Japan's inflation adjusted real interest rates in a comfortable negative range. He stated that if volatility further decreases this summer and arbitrage trading regains interest, the Japanese yen will continue to serve as a financing currency; In arbitrage trading, investors borrow low yield currencies to invest in high-yield currencies. He said that the US dollar may rise above 160.7 yen against the Japanese yen and there is a risk of rising to the 161-162 region, where the Bank of Japan is more likely to intervene. The US dollar remained unchanged at 160.28 yen against the Japanese yen.