As someone getting their salary in Yen, ouch.
As long you live and pay in Yen it's fine, but colleagues planning to go back in a couple of years, this is a serious drop in effective salary.
The yen continued its slump against the dollar, pushing the currency towards its lowest level in 34 years and significantly raising the risk of market intervention by Japanese authorities.<p>During trading on Wednesday morning, the yen dropped to a low of ¥151.93 against the dollar as investors defied two days of intensifying warnings from officials.<p>Finance minister Shunichi Suzuki stepped up verbal warnings, saying the government “would not rule out any steps against any excessive moves” in the yen.<p>Forex analysts believe that the Japanese authorities have pencilled in a level of ¥152 per dollar as the “line in the sand” that would trigger a direct intervention.