Top Yen Forecaster Sees Currency Sliding to Lowest Since 1986 Yen may test 165 per dollar level this year, RBC’s Tan says Traders have been selling yen on interest-rate gap with US The yen may weaken to 165 per dollar despite potential efforts from Japan to halt its decline, according to the currency’s top forecaster. Alvin Tan, head of Asia FX strategy at RBC Capital Markets, sees risk of the yen slumping to that level, which was last seen in 1986. The currency has become a victim of Japan’s yawning interest-rate gap with the US, and even speculation of authorities intervening to support the yen has been insufficient to fully quell the bearishness. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Deciphering the U.S. Economy's Post-Pandemic Strength READ MORE Homeownership Hopelessness: Renters Doubt FuturePossibilities READ MORE Gold Pares Gains From Record as US Factory Data Spurs Fed Debate READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
