The beleaguered yen has scope to slump further, with a drop of close to another fifth not out of the question, according to some strategists.

Societe Generale SA strategist Albert Edwards reckons the unraveling of Japan’s currency has the potential to take it to around ¥150 “as traders get the bit between their teeth.” That’s a level unseen since the last century, some 18% below the ¥122.42 per dollar the yen reached at one point on Friday.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.