Yen falls to six-month low after post-Brexit high

Tokyo

THE yen hit a near-six-month low of 110.7 in Tokyo on Friday, after having been buoyed first by Britain's decision to quit the European Union and then battered by the outcome of the US presidential election plus expectations that the US Federal Reserve will soon raise interest rates.

Meanwhile, some analysts have suggested that the Japanese currency could sink to as low as 120-125 to the dollar within a matter of months.