The Jpanaese yen has gotten some relief lately. Nevertheless, economists at Nordea expect the USD/JPY to reach 140 again.
Times of weaker JPY to persist
“The Fed’s continued path towards tight monetary policy together with most other G10 central banks hiking will keep the pressure on the JPY.”
“Without any changes from the Bank of Japan, which we don’t expect in the foreseeable future, the door will be open for the JPY to reach 140 once more.”