The Japanese Yen is still struggling, even after the Bank of Japan stepped in to try and strengthen it. Experts believe that the underlying economic conditions are more powerful than these interventions.

A key reason for the Yen’s weakness is Japan’s very relaxed monetary policy. While other major economies are raising interest rates to fight inflation, Japan is keeping rates low. This difference makes the Yen less attractive to investors.

Furthermore, Japan’s dependence on imported energy and rising global commodity prices are adding to the pressure on the Yen. These factors contribute to a trade deficit, further weakening the currency.

Analysts are closely watching upcoming economic data releases and any further actions by the Bank of Japan. The effectiveness of future interventions remains uncertain, as long as the fundamental economic divergences persist.