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 :