Yen continues to weaken, how low can it go against $/£/€/AID this week ?

We start the week with the Yen maintained losses as G7 Finance Ministers will allow the yen continue to weaken . FTSE & US market futures looks to open higher .

The Yen hit 102.21 at 4:22am lowest since October 2008 , Nikkei up 177.48points +1.21% .G-7 policy makers said they examined Japan’s strategy
and they will monitor its impact on currencies. They reaffirmed their February
commitment to “not target exchange rates” at a meeting in Aylesbury, near
London, U.K. Chancellor of the Exchequer George Osborne told reporters .

How low ?

By the end of the week II can see it trading around :

 101/102 USD

156/158 GBP

132/134 EURO

101/102 AUD

 

Image

http://www.bloomberg.com/news/2013-05-12/yen-falls-beyond-102-as-g-7-tolerates-drop-s-p-futures-decline.html

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