Japanese yen compared to Turkish lira and Argentine peso, by Deutsche Bank analyst, as yen nears 33-year low

File this one under ‘things you hear at the bottom’.

A Deutsche Bank analyst compared the Japanese yen to infamously troubled currencies like the Turkish lira and Argentine peso in a note shared with clients and financial media on Wednesday.

The Japanese currency USDJPY has fallen 15% against the U.S. dollar in 2023, adding to its steep…