Charu Chanana: The Bank of Japan's interest rate hike is not strong enough to boost the yen

Charu Chanana, Chief Investment Strategist of Shengbao Bank, stated that the Bank of Japan's policies are insufficient to force a significant appreciation of the yen, and the US dollar is in a fragile state against the yen around 160. The Bank of Japan's interest rate hike cannot compensate for the yield gap between the United States and Japan, and the 7-1 vote weakened market signals. If the US dollar remains above 160 against the Japanese yen, intervention risks still exist.