The view that yen has broken away from the bearish trend and that just raising the Bank of Japan interest rate this month is insufficient

The view that yen has broken away from the bearish trend and that just raising the Bank of Japan interest rate this month is insufficient
2024/7/15 7:05 JST (some excerpts)
It has been suggested that further support from the government and the Bank of Japan is necessary
Even if interest rates are raised to 0.25%, the impact on the dollar and yen is limited - Barclays
While being swayed by interventional observations, yen traders must overcome a number of difficulties before the monetary policy meeting to be held by the Bank of Japan at the end of the month.
　　In addition to the obvious yen buying intervention, despite the fact that the decline in US bond yields generally weighed on the dollar exchange rate, the rate of increase in yen against the dollar remained at just under 2% last week. This suggests that further support from the government and the Bank of Japan is necessary in order for the yen to definitively break out of the downtrend.