#USDJPY @ 136.149 : The Yen weakness to stay limited – Goldman Sachs
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at Goldman Sachs outlined their view on the Japanese Yen, in the face of the incoming Bank of Japan (BoJ) Governor Kazuo Ueda and hawskish Federal Reserve expectations.
“We have repeatedly said that US real rates should matter most.”
“The current market environment looks less favorable for significant dollar-yen downside, even in the case of a hawkish BOJ policy shift.”
“Expect the Bank of Japan March meeting will not bring anything substantive on policy change.”
“But this won’t hinder speculation of some policy move from the BOJ after Kuroida departs in April and Ueda is ushered in as new governor. This will make the yen weakness limited.”
[/s2If]
Join Our Telegram Group
