Now the commotion of a snap election is over let's get down to the root problems of the currency.
Forget sterling, this is not the UK and the pound.
Let's talk about the yen now that all the noise following Shinzo Abe's election victory has died down.
In the weeks leading up to the election, the yen strengthened - a reaction that wouldn't surprise regular Japanese investors as the currency attracts so-called "haven flows" during times of uncertainty.
The yen's haven status reached its peak in the three years following the 2008 financial crisis, and was a regular store of value thanks to haven flows.
And this is thanks to a combination of its use as a funding currency in carry trades and its large net foreign asset position.
Because of its historically low interest rates, Japan's yen has often been used in carry trades - where a low yielding currency is used to buy higher yielding assets to benefit from the yield differentials.
In times of market volatility, these trades would be quickly unwound, leaving large yen positions.
Secondly, in times of geopolitical tensions, Japanese investors would repatriate their large holdings of foreign assets back into yen.
Thus, the currency built up a history of safety in times of turmoil - strengthening throughout the financial crisis and hitting its record high against the dollar at Y75.95 at the heart of the eurozone debt crisis in 2011.
The yen today
Although a long way off these levels now, the yen isn't particularly weak by historical standards. But measured in the timeframe of the last six years, it certainly is.
And it is this weakness that Japanese authorities hope will drag the country out of decades of low inflation and limp growth.
"In the wake of the election result, we expect Abe to pursue his bold monetary policy, the so-called ‘’First Arrow’’ of Abenomics, and retain the 2% inflation target," says Katsunori Kitakura, lead strategist at SuMi Trust.
"Looking forward, the widening interest rate gap between Japan and the US, and the ensuing weak yen will enable companies to keep growing. This growth will be further supported by the current global economic expansion and the Bank of Japan’s continued monetary easing."
Japan's economy is not showing too many signs of frailty. Second-quarter gross domestic product grew at 0.6% quarter on quarter - its sixth-consecutive quarter of growth.
But it was some way below expectations of 1%, and the annual growth rate of 2.5% was expected to be much closer to 4%
The latest PMI data have shown a slight decline in manufacturing, but input prices are rising at a fast clip - and this is likely down to the weaker yen.