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.

Michael Piccoini

Strategic Planning, Leadership & Analysis Professional with a background in healthcare, manufacturing and retail. I have a strong understanding of the complex world of revenue Management and how to make it more relevant, understandable, and actionable for executive leadership across all levels of an organization. My career has spanned several years at UnitedHealth Group, Inc. I obtained my B. Comm from the University of Windsor and MBA from Wayne State University

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