[Japan May Have Conducted a Second Round of Intervention, Analysts Say Yen's Downward Trend Remains Unchanged] Reported by Jinse Finance, May 1: At around 14:45 Beijing time, the USD/JPY pair suddenly plunged by 130-150 points, falling back to near yesterday's low of 155.55, before rebounding slightly. Analyst Justin Low commented on the yen's exchange rate fluctuations, saying, 'Now this makes sense. Essentially, the second round of action should be more effective because those trapped speculators will now step aside. However, the fact that Japan felt it necessary to take a second round of action suggests they are likely willing to push the price below this level at all costs. The main question now is, how long can Japan's Ministry of Finance sustain this? Of course, they have ample reserves to draw upon. But depleting these reserves just to prove a point to the market seems somewhat wasteful. As mentioned earlier, every fundamental factor currently works against the yen, and policymakers are certainly aware of this. This is a moment of desperation, especially considering the ongoing U.S.-Iran conflict and the continued closure of the Strait of Hormuz.'