Alpha Binwani Capital has indicated that the Japanese yen is likely to extend its decline if energy prices stay high and the Bank of Japan refrains from raising interest rates. The firm's founder, Alpha Binwani, a veteran with three decades of market experience, stated, "The yen is currently on track to fall to 160, and this weakening trend cannot be halted unless the Bank of Japan implements rate hikes." He added, "Should oil prices fail to retreat over the next three months, the yen could drop to 165." Binwani emphasized that verbal intervention alone would not strengthen the yen, particularly when hedge funds are shorting the currency based on oil price movements. "As long as oil remains above $100 per barrel, energy-driven inflation and import inflation will persist, which inevitably signals the need for interest rate hikes—there is no alternative," he noted.