Yen’s Slump Seen Longest Since Gold Standard Ended: Currencies
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If your New Year’s wish is for more yen weakness, get ready to celebrate.
After sliding more than 36 percent since the end of 2011, the median estimate of economists and strategists surveyed by Bloomberg is for an additional drop of almost 4 percent through the end of 2015 from 120.64 per dollar today in Tokyo. A fourth straight annual decline would be the yen’s longest losing streak on record, or at least since the global monetary system broke from the gold standard in 1971.