According to CoinMeta, the strong appreciation of the yen has recently led to a sell-off in the Japanese stock market on Monday, but analysts say that the risk to corporate profits is controllable. A survey by the Bank of Japan shows that more than 800 companies surveyed used an average exchange rate of 151.49 for dollars to yen, and currently, the yen is still about 5 yen away from this level against the dollar. Strategists point out that this buffer should be able to limit the impact of the yen's appreciation on export companies' profits and leave room for related stocks to rise during the earnings reporting period. yugotsuboi, the chief strategist at Yamato Securities, said that unless the yen/dollar exchange rate appreciates further to near 150, the risk of a decline in corporate profits should be very small.