1. The exchange rate of Japanese yen against RMB is mainly influenced by the policies of the two countries. Recently, Japan has been pursuing a loose monetary policy to devalue the yen to increase exports. Bank of Japan Governor Haruhiko Kuroda said that Japan's economy is picking up. With the help of foreign exchange trends, Japanese exports began to climb. Simply put, it is printing money. If you print more money, it will definitely be worthless. Moreover, the Bank of Japan is still continuing to implement the depreciation plan. In the medium term, it is difficult for the yen to appreciate significantly, unless the RMB collapse leads to a relative appreciation of the yen.

2. USD versus JPY. Influenced by both Japan and America. Japan has implemented a depreciation policy, while the United States recently announced that it will withdraw from loose monetary policy (QE) and reduce bond purchases. Of course, as a result, the dollar strengthened and the yen weakened, so the yen depreciated even more against the dollar.

There are many factors that affect the daily fluctuation of the foreign exchange market, the most important ones are the policy trend and economic indicators. Therefore, the long-term weakness of the yen is basically determined. Unless the Bank of Japan ends this easing policy, changes to a new policy or encounters other events.