Gelonghui April 29| Tfishinghat. said Vincent Chung, deputy portfolio manager at Rowe Price's diversified income bond strategy divisionfishinghat, even if the Japanese authorities 'intervention can provide a brief respite for the yenfishinghat, but it may also continue to depreciate. The main driver of USD/JPY is the long-term interest rate differential. Yen bulls may rely more on market expectations for further Fed interest rates than on the Bank of Japan's expectations for a rapid rate hike. At present, the market has already absorbed the impact of the US interest rate cut. The Bank of Japan also said its focus was mainly on curbing excessive foreign exchange fluctuations rather than specific exchange rate levels, adding that past interventions had mostly been ineffective in changing the trend of yen depreciation.