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Goldman Sachs Cuts Yen Forecast, Predicts Further Slump
Goldman Sachs has cut its yen forecast to 165 per dollar, predicting a further historic slump for the currency. The firm also expressed a preference for carry trades and anticipates AI and energy 'supply bust' to support the U.S. dollar.
6 Jul, 03:21 — 6 Jul, 13:33
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cnbcMostly Factual12d ago
Yen to extend historic slump, while AI and energy 'supply bust' to support the U.S. dollar: Goldman
Goldman Sachs has turned more bearish on the Japanese yen, arguing that the currency is likely to weaken further even with an intervention.
Read full article →advisor-perspectivesMostly Factual11d ago
Goldman Cuts Yen Forecast to 165 Per Dollar, Likes Carry Trades
Goldman Sachs Group Inc. sees the yen weakening to 165 per dollar in a year’s time, driven in part by Japan’s interest rate differentials with the US.
By Ruth Carson
Read full article →Coverage Timeline
First report: bloomberg · 6 Jul, 02:40|Full coverage: 3 · 11h|Window: 11h
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