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Could dollar-yen hit 125 next year?
As the yen hit a five-year low on Thursday, analyst calls are becoming increasingly bearish, with some saying the currency could fall as low as 125 per dollar by the end of next year. The yen hit 104.84 per dollar in early Asian trade on Thursday, the second time its hit the five year low this month, after the Bank of Japan (BOJ) said it would continue its unprecedented easing program, while the U.S. Federal Reserve will begin to trim its stimulus program in January. Analysts now expect the weakening trend to pick up pace as we move into 2014. "If we look at the period pre-crisis in Japan we had dollar yen in a 103 ... (full story)
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