Yen Unraveling Risks Collapse to 1990 Level as Fed, Oil Weigh

SocGen strategist sees possibility of yen at 150 per dollar
Japan’s currency hit by widening yield gap, rising commodities

WATCH: Day traders in Japan are betting on a turnaround for their home currency which is at a six-year low. Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Payne Lubbers

March 24, 2022 at 5:44 PM UTC

Updated on

March 25, 2022 at 7:24 AM UTC

This article is for subscribers only.

The beleaguered yen has scope to slump further with a drop of close to another fifth not out of the question, according to some strategists.

Societe Generale SA’s Albert Edwards reckons the unraveling of Japan’s currency has the potential to take it to around 150 per dollar “as traders get the bit between their teeth.” That’s a level unseen since the last century, some 18% below the 122.44 per dollar the yen reached at one point on Friday.