"Mr. Yen" Warns USDJPY May Hit 100 By Year-End
!["Mr. Yen" Warns USDJPY May Hit 100 By Year-End "Mr. Yen" Warns USDJPY May Hit 100 By Year-End](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/6babb02ff91313e1a6f166774e0d7b6d-600x332.jpg?itok=R27RDNqG)
Having correctly predicting the yen’s advance beyond 115 and then 110 per dollar, former Japanese Finance Minister Eisuke Sakakibara now says Japan’s currency may strengthen to 100 by year-end.
As Bloomberg reports, having been in charge of currency intervention in Japan, Sakakibura was dubbed Mr. Yen for his ability to influence the exchange rate in the 1990s, seems to suggest - uinlike Suga overnight - that intervention is unlikely (or unlikley to be successful).