[Institution: USD/JPY Exchange Rate Expected to Fluctuate in a Higher and Wider Range] According to a report by Jinse Finance on July 28, two experts from LGT Private Banking Asia stated in a research report that the trading range for USD/JPY is expected to shift upward and expand to 157–165 yen, compared to the previous range of 155–160 yen. The experts noted that this change reflects multiple factors, including 'the significant interest rate differential between the U.S. and Japan, uncertainty surrounding currency intervention, and rising fiscal risks in Japan.' At the same time, they pointed out that 'Japan may adopt an unexpected strategy, such as reducing verbal intervention before taking actual currency intervention measures. This would lead to larger and more unpredictable fluctuations in the USD/JPY exchange rate.'