Mitsubishi Union: The Iranian war limited Japan ' s ability to support the yen

On 24 July, Derek Halpenny, a Mitsubishi Union bank analyst, stated in a report that Japan might find it difficult to contain the depreciation of the yen against the United States dollar as a result of the American-Iraq conflict. United States President Trump indicated on Thursday that he was about to decide whether to launch a massive attack on Iran on an unprecedented scale. Halpenny stated that a large-scale attack that further pushed up oil prices could increase the market ' s response to expectations of the Fed ' s interest rate hike. The above will ensure that Japan remains constrained in curbing the further increase of the United States dollar against the yen。