The Japanese yen has experienced fluctuations against the U.S. dollar, recently trading in the 150 yen range. As of March 26, the yen was reported at approximately 150.5 yen per dollar in New York. Senior lawmaker Katayama indicated that the yen's real value should be around 120-130 yen per dollar, suggesting the current valuation is undervalued. He noted that the ruling party is contemplating measures to reverse capital outflows. Additionally, Japan's long-term interest rates have reached their highest levels in 16 years, raising concerns about the yen's depreciation. The market is also reacting to potential interest rate hikes by the Bank of Japan, with the two-year bond yield hitting a 16-year high. On March 27, the yen briefly fell to 151 yen per dollar amid renewed inflation concerns in the U.S.