Collapsing yen could tumble a lot further
Currency could hit 140 to the dollar as BOJ continues to pursue aggressive monetary easing, says ex-official
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Tokyo
THE yen fell decisively through the 120 to the dollar "barrier" in New York trading at the end of last week with no hint of the intervention some analysts had expected to slow its fall - and it could drop as low as 140 or even further before it hits bottom, some say.
With Prime Minister Shinzo Abe's Liberal Democratic Party-coalition likely to emerge from next week's election with its strong parliamentary majority intact, the fight to reignite inflation is expected to be stepped up, keeping strong downward pressure on the yen.
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