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Yen at its weakest in 50 years in real terms - J.P. Morgan
The yen's real effective rate has tumbled to its lowest level in 50 years and the currency is set to fall even further, slashing Japanese consumers' spending power and raising the risk of capital flight, J.P. Morgan analysts said. The yen was weakest of G10 currencies last year and its underperformance has continued into 2022 with the nominal exchange rate against the dollar tumbling to a five-year low of 116.3550 this week. It is also near two-month lows to the euro and sterling.The yen's real effective rate, referenced to consumer price inflation, fell to a low of 66.3 on Tuesday compared to a base of 100 in 2010, ... (full story)