Michael Nizard, Head of Multi-Asset and Portfolio Management at Edmond de Rothschild Asset Management, stated that the current weakness of the yen has gone too far and fails to reflect the strong fundamentals of the Japanese economy. This misalignment could prompt major central banks to take coordinated intervention measures. Last Wednesday, the USD/JPY exchange rate reached 162.83, marking a 40-year high. The latest trading price is 161.76. Nizard said, "The strong fundamentals of the Japanese economy do not support the yen falling to such low levels." He pointed out that without intervention, the USD/JPY exchange rate could rise to 170 within three months. This would enhance the competitiveness of Japanese industries, but the Trump administration in the United States "cannot accept this." As a result, Nizard expects the Bank of Japan, the Federal Reserve, and the European Central Bank to take coordinated foreign exchange intervention actions in the second half of this year. Without international coordination, any appreciation of the yen could be short-lived. He stated that if intervention measures successfully push the USD/JPY exchange rate down to around 155, then the recent 40-year high near 163 should be regarded as the peak.