Currencies

Yen strategists diverge on outlook as Trump adds to uncertainty

Bulls see it climbing to 140 per dollar, while bears expect a fall to 160

20241127 yen note

The Japanese yen has been the worst-performing G10 currency this year and is down around 9% to the dollar. (Photo by Akira Kodaka)

LISA KIM, Nikkei staff writer
November 27, 2024 12:26 JST

TOKYO -- Yen strategists are divided over the currency's direction now that Donald Trump's return to the White House is casting uncertainty over the pace of U.S. rate cuts.

Yen bulls foresee the currency strengthening to 140 over the next year whereas bears predict it weakening to 160.

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