Yen may hit 83 next week, Gov't intervention possible

From Bloomberg.com:

Investors should sell the U.S. dollar at 89 yen as it may decline to 83 yen, National Australia Bank Ltd. said. They should exit the trade if the greenback strengthens to 91 yen and watch for intervention in February and March if the currencies trade at 80 yen or below, Sydney-based John Kyriakopoulos, head of currency strategy at the bank, wrote in a note yesterday.

Read the entire article linked above. It certainly sounds like the government might try to intervene, though I am not inclined to think any intervention would be successful. I guess this is Japan's own way of bailing out their automakers. By the way the above link is through GATA, because the original article was later edited and shortened at Bloomberg. I don't necessarily endorse any views associated with GATA.