Reported 8 months ago
Traders foresee the Japanese yen weakening to levels not seen since 1986, potentially reaching 170 per dollar, as bearish sentiment remains strong despite possible government intervention to support the currency. The interest rate difference between Japan and the US, along with the yen's decline against other currencies, fuels the downward pressure on the yen. While some analysts hold a more positive outlook, investors brace for increased market volatility and the potential for further yen weakening if Tokyo intervenes again.
Source: YAHOO