According to CoinMeta, the exchange rate of the Japanese yen against the US dollar broke through the 157 mark on Wednesday. Affected by the Japanese government's continuous warnings regarding the exchange rate and capital flows at the end of the quarter, the yen rose by 0.6% to 156.38, making it the strongest performing currency among G10. Japan's top exchange rate official, Jun Mitamura, stated that both the Japanese Prime Minister and Finance Minister, as well as the US side, have recently sent "very clear" signals regarding the depreciation of the yen. Japanese Prime Minister Yoshihide Suga previously mentioned that during her meeting with US President Donald Trump last week, Trump expressed concerns about the weakening yen. A strategist from OCBC Bank Moh Siong Sim noted that the market seems to be gradually accepting the idea that policies may shift to be more supportive of the yen. The head of the global market trading department at Sumitomo Mitsui Trust Bank Koike Shinya indicated that capital flows at the end of the quarter could also be one of the factors driving the rise in the yen.