According to Jinshi, Yue Bamba, head of active investments in Japan at BlackRock, said that the future performance of the yen depends more on the actions of the Federal Reserve than the Bank of Japan. If the Federal Reserve does not cut interest rates, the yen may gradually fall to the 170 range against the US dollar. In addition, if interest rates are cut, the level of 130 to 135 is "entirely conceivable." If the US-Japan exchange rate falls back below 150, overseas investors will feel at ease to return to the market.