Stephen Jen says the yen is going to 120 against the US dollar

  • Cites the Federal Reserve raising rates

Further out, sees USD/JPY to 100 by early 2017

  • Cites the Bank of Japan policies of controlling yields and adding stimulus through bond purchases reaching a limit

And then ....

  • "The BOJ is closer to the limits of their unconventional monetary policy than any other central bank," Jen said in an interview last week. Once all its options are exhausted, the yen will return to its fair value of around 90 per dollar, he said.

Bloomberg for more

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Ex-International Monetary Fund Economist Stephen Jen

Now chief executive officer at hedge fund Eurizon SLJ Capital Ltd. in London