Mitsubishi UFJ: The Japanese yen is unlikely to strengthen in the absence of a catalyst According to Golden Finance, on July 7th, Lee Hardman of Mitsubishi UFJ Bank stated in a report that investors' bets on the weakening of the yen continue to increase, highlighting the potential for the currency to rebound when the situation reverses, but this seems unlikely in the short term. There is currently no clear catalyst to trigger a strengthening of the yen. After the Japanese government announced a new multi-year investment framework, investors' unease about fiscal policy has increased. He said that this has increased pressure on the yen, which has already been hit by rising energy prices and recent hints from the Federal Reserve that interest rates may rise. Further intervention measures taken by relevant departments in Japan to support the yen may not be able to reverse its weak trend.