Will the “abnormal” appreciation of the yen collapse as early as next week - risk from both Japanese and US authorities

2024/7/26 10:10 JST (some excerpts)
Bank of Japan policy meetings and FOMC decisions influence the direction of the yen exchange rate
“If the BOJ does nothing, the dollar and yen will rise rapidly again.” - Amberzadeh
Investors have been competing to buy yen for the past few weeks under the forecast that interest rates are finally likely to tilt in favor of yen, but the referee will be handed down as early as the 31st.
　　It is presumed that the Japanese currency authorities implemented yen buying intervention in the beginning of this month, and the yen rose rapidly from the 11th. Compared to the level just before that, it has maintained an increase of about 5%. Some investors are sounding the alarm that the rising exchange rate of yen is fragile (weak), as shown by the fact that the yen rapidly erased the increase after the announcement of the US gross domestic product (GDP), which exceeded expectations on the 25th.