Japanese stocks tumbled to 26-year lows Monday as investors feared fresh moves expected from central banks would not be enough to stave off a deep global economic slowdown.
But the yen continued to gain even after the Group of Seven warned the Japanese currency posed a threat to financial and economic stability. CNBC's experts weigh in on whether now is the time to buy the currency.
Aussie Seen Weakening vs. Yen
The Aussie-yen cross may fall as low as 40 yen, predicts Daryl Guppy, CEO of Guppytraders.com.
Dollar Direction to Reverse
If the Fed cuts rates by more than 50 bps, it may reverse the dollar's upward trend, says Sebastien Barbe, senior economist & strategist, Asia ex-Japan at Calyon Corporate & Investment Bank.
Yen to Continue to Strengthen