According to CoinMeta, former member of the Bank of Japan’s policy board Atsushi Takeuchi stated that if there are signs of the yen weakening again, Japan and the United States “definitely” will take joint intervention measures once more. He pointed out that this recent joint action by the US and Japan was very effective, leading to a consensus in the market that the yen would not continue to weaken unilaterally. He emphasized that with American support, there is virtually no factor that could prevent Japanese authorities from intervening, and noted that this American support carries great symbolic significance. He predicted that the exchange rate between the yen and the US dollar may fluctuate within the range of 155 to 162 in the short term, and suggested that if the yen can remain above 160 for about a week, the market will regard this level as a short-term bottom and begin to push up the yen.