Jan 18 2013

Yen Dropped to weakest level since 1989

Japanese Yen dropped to its lowest level since 1989. It is the longest decline of Japanese currency since 1989.  It also slid against Euro as Euro has risen against U.S Dollar.

A retired Economics professor at Yale University, Koichi Hamada said that 100 Yen is a good level but 110 is too weak for japan while 95 to 100 is no problem. 

 

Rate Range Projection by Bank

 Next  week        
    89.00 - 91.50

Next 3 months    
     85.00 - 95.00