[Mitsubishi UFJ: Japan May Avoid Intervention to Boost Yen] According to a report by Golden Finance on July 1, Derek Halpenny of Mitsubishi UFJ Bank stated in a report that as the currency's decline appears more gradual, Japanese authorities may avoid taking intervention measures to support the yen. 'The current pace of yen selling seems acceptable, and if this pace is maintained, we may see the Ministry of Finance continue to remain on the sidelines.' He noted that rhetoric from the Ministry of Finance regarding potential further intervention has diminished. He pointed out that the one-month implied volatility of USD/JPY, which measures expected price fluctuations in the options market, remains relatively low, while Japanese government bonds remain stable, and the stock market is at record highs. Therefore, he suggested that the Ministry of Finance might allow the USD/JPY to rise gradually. Data from the London Stock Exchange Group shows that the dollar rose 0.1% to 162.62 yen, after previously hitting a 40-year high of 162.83 yen.