kristinewellenstein|顶尖日元预测机构:日元兑美元将跌至1986年以来最低水平

The most accurate forecast for the yenkristinewellensteinThe agency said that although Japanese authorities may try to curb the decline in the local currency, the yen may fall to 165 against the dollar.

Alvin Tan, head of Asian currency strategy at RBC Capital Markets, predicts that the yen could fall to its lowest level since 1986. The main reason for the weakening of the yen is the huge interest rate spread between the United States and Japan. Even if the market has expectations of possible intervention by the Bank of Japan, it will not be enough to completely quell bearish sentiment.

Tan said intervention will only be effective if coordinated by the United States. This year investors may push the dollar higher against the yen, which will once again exceed 160 to around 165.

kristinewellenstein|顶尖日元预测机构:日元兑美元将跌至1986年以来最低水平

Tan said if the decline remains slow, the yen may weaken further.