Japanese lender MUFG Bank says the Yen faces a decisive turning point and will bring an end to the spell of multi-year declines against the Dollar, Pound and Euro.
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The Japanese Yen has staged a sharp recovery on news that Japan's Ministry of Finance may take "decisive steps" to shore up the currency's value.
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The Dollar to Yen exchange rate has risen to its highest level since 1990 at 151.97 in midweek trade, but according to new forecasts from Goldman Sachs, there is more to come.
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Authorities in Japan issued another round of warnings to defend the sinking yen.
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The Japanese yen edged higher on Monday, starting the holiday-shortened week on a steadier note, following a 3.5% slide on the back of the Bank of Japan’s dovish rate hike last week.
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