Daiwa Securities strategists have indicated that the Japanese yen is likely to remain under pressure due to potential resistance from Japan's Prime Minister Sanae Takaichi towards monetary policy tightening. According to Jin10, the strategists noted that the Takaichi administration's preference for fiscal expansion to address rising prices is exerting pressure on bond and currency markets, leading to a steeper yield curve and further depreciation of the yen. They added that if companies pass on higher costs while the Bank of Japan delays interest rate hikes, this could further lower real interest rates, exacerbating the yen's weakness.