The yen may drop to its weakest level versus the dollar since January 2008, spurred by comments set to be delivered Tuesday by Bank of Japan Gov. Haruhiko Kuroda, according to Credit Agricole SA.
The currency slid to a six-year low last week, following its worst month in September since January 2013, amid prospects for the BOJ to continue unprecedented monetary easing while the U.S. Federal Reserve weighs the timing of its first interest rate increase.
Kuroda is scheduled to hold a news conference after a two-day meeting of the BOJ Policy Board that started Monday. He reiterated Friday that he doesn't think a weak yen is a minus for the Japanese economy overall.