Posted inAT+

Once-unthinkable 200 yen coming into market view

TOKYO — The Japanese capital is seeing a bull market in deja vu as policymakers man the battle stations against speculators dumping the yen.

With the Japanese currency on the verge of slipping to the psychologically important 160 to the dollar level, Ministry of Finance officials are pulling out all the stops to keep it from falling further.

Good luck with that, as traders buzz about the yen plummeting to 170, 180 or even the almost-unthinkable 200 level.

Gift this article