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[CC may contain inaccuracies] The yen pushing through 143 just while
we were on air today.

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How much more pain is there in store for
the Japanese yen.

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In a nutshell potentially a lot more.
So the currency is at a 24 year low now

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and getting lower by the day.
At this stage with the Bank of Japan

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clinging to its ultra dovish monetary
policy stance and the Fed hiking

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aggressively to fight inflation this
little stopping it from hitting levels

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last seen in the early 1990s for example
ISE took a second keyboard off also

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known as Mr.
Yen who was Japan's former vice

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finance minister said in May that the
yen could reach 150 this year.

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Now it may have seemed far fetched back
then but here we are in September.

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And the yen is at one point eighty
three.

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So it's not that shocking a notion at
all.

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You have forecast is from New York to
Sydney also saying don't rule out.

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So the yen weakness 150 may just be
another line in the sand.

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It doesn't mean that the currency will
stay at the weak levels that we're

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seeing forever.
But until something breaks on.

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Yes you can't rule out more yen weakness
from here.

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Will authorities really give.
I mean will Japanese officials have to

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actually intervene in the markets.
Yeah it's a great question.

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And definitely on trade is mind set for
a moment.

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The velocity of the drop in the yen is
what's really critical to watch here.

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It's down by 20 percent against the
dollar this year alone.

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And it's not an emerging current market.
Currency is the fifth most traded

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currency.
Well.

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And with that as you pointed out comes
the risk of hard intervention to be

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sure.
Policymakers haven't changed their

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language to indicate such a move would
happen anytime soon.

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But look out.
Do look out for phrases like we won't

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rule out any options to combat excessive
movements or we're ready to take

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decisive bold action to counter
excessive or speculative moves.

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So all eyes on the yen.