Yen bulls feel their oats, pressing bets despite official threats to take measures to weaken the...

|By:, SA News Editor

Yen bulls feel their oats, pressing bets despite official threats to take measures to weaken the currency. Focusing on the nominal value of the yen is misleading, say strategists. Persistent deflation means dollar/yen would have to fall to ¥55 (from ¥78 today) for the yen to equal its strength of the mid-90s. Meanwhile, the Topix is off 2.2% tonight - if it holds, it will be the lowest close in 3 decades.