USD falls to record low versus JPY

The JPY reached a 13 year high versus USD at ¥87.24 to the dollar, following the Fed's rate cut to historic lows. Since mid-Sept, the yen has gained 15% against the dollar. This is bad news for Japenese exporters, like consumer electronics giant, Panasonic, which has slashed its profit forecast by 90%. Panasonic have recently come up with a new model of laptop, the "ToughBook".