JPN Yen: 101 in March 2008

Talk in Tokyo that the JPN Yen will hit the 101 mark (US$) in March. I do not believe it. I feel the JPN Yen will rise above 100 yen and may actually touch 98 by the end of the month. This new surge in interest in the JPN Yen will be result of three major factors: (1) US credit crisis is spilling over to all global credit markets, (2) expectations that many US companies Q1 results are going to be horrific, and (3) the Fukuda government caught between a rock and hard place now that the DPJ is going to make the LDP's life in the lower chamber a living hell. Nothing good will come out of having the Japanese government (upper and lower houses) split between the two main groups. If the LDP regains power of both houses, I would expect some good to come. But, the next election is far away.