Recently, the Japanese yen exchange rate has continued to fluctuate. According to the chief economic analyst of Japan First Life Economic Research Institute, the financial policies of the United States are an important factor in accelerating the appreciation of the US dollar and depreciation of the yen. The Chief Economic Analyst of Japan First Life Economic Research Institute, Hideo Kumano, said: "Everyone predicts that the Bank of Japan will raise policy interest rates. However, the policy interest rate itself is already very low, and there is still a big gap between it and the higher US interest rate. The interest rate gap between Japan and the United States is an important reason for the continued depreciation of the yen. Although it is expected that the Federal Reserve will eventually cut interest rates, the delay in predicting the time of rate cuts has kept US interest rates at a high level, causing funds to flow from Japan to the United States, that is, selling yen and buying dollars. It can be said that the financial policies of the United States are an important reason for accelerating the appreciation of the US dollar (depreciation of the yen)." (CCTV News)