Japanese currency crisis alarm sounded! Traders speculate that the US dollar against the Japanese yen could surge above 200, adding more short positions to bet that the downward trend is not over.

According to the Wise Finance APP, due to the significant interest rate difference between Japan and other major economies, as well as increasing concerns about Japan's fiscal outlook, the yen has fallen to its lowest level since 1986 and has become one of the worst-performing major currencies in the past year. Some investors believe that the yen falling to 200 yen against the US dollar - a level that was once unimaginable - is now a medium-term risk, although still considered an extreme scenario. As of the time of writing, the USD/JPY exchange rate is 162.56.