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A Reuters poll asked 60 experts to predict the value of the Japanese money in one year's time, with the average figure being 85.5 per dollar, which is up on the value of about 81 per dollar.
The newswire pointed out that this is way below the previous five projections from the monthly survey, which had the yen rising to 90 in 12 months.
Many analysts believe it is the poor economic outlook in the US that has prompted this change, with neither the Bank of Japan nor the US Federal Reserve planning on altering interest rates any time soon.
"It looks like until we get some slightly better US numbers we are kind of stuck in this very tight range," Nomura senior currency strategist Geoffrey Kendrick noted.
Last month, UBS chief economist Larry Hatheway told the Financial Times that there is a lot of concern regarding the financial trajectory of the US.
Posted by Clive Arneil
