Japan is intensifying its efforts to stabilize the yen, banking on a more hawkish approach from the Bank of Japan (BOJ) and support from U.S. Treasury Secretary Scott Bessent. This strategy aims to increase the risks for traders betting against the yen rather than seeking a swift reversal of its decline. Following BOJ Governor Kazuo Ueda's hawkish remarks on April 28, which highlighted inflation risks associated with the weak yen, Japan's Finance Ministry executed its first yen-buying intervention in nearly two years. Reports suggest that Tokyo may have spent close to 10 trillion yen (around $63.7 billion USD) in recent interventions. Bessent's upcoming visit to Tokyo is seen as a potential catalyst for further support, as subtle signals from Washington could deter aggressive yen-selling. Attention is now focused on the BOJ's policy meeting scheduled for June 15-16, where analysts are debating a possible interest rate hike from 0.75% to 1.0%. However, internal divisions within the BOJ and political considerations may complicate the tightening path, especially with rising living costs driven by the weak yen. External factors, such as Japan's dependence on energy imports, also add pressure on the currency.