In early May, it recovered to above ¥ for the first time in four and a half months, and has recently continued to move at around ¥ In the foreign exchange market, the yen depreciated between April and early May to around ¥ - 127 to the U.S. dollar.
What may be appropriate for a firm passporting into the UK may not work for a firm passporting from the UK into the EU, simply because of the different backstops that are in place.