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Goldman Cuts Yen Forecast to 165 Per Dollar, Likes Carry Trades
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Currencies 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. The Wall Street bank has revised its forecast to 165 from 155, ranking it among the most bearish forecasters surveyed by Bloomberg. The change reflects fiscal pressures in Japan, higher-for-longer US Treasury yields and only gradual rate hikes from the Bank of Japan,...
Currencies
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.
The Wall Street bank has revised its forecast to 165 from 155, ranking it among the most bearish forecasters surveyed by Bloomberg. The change reflects fiscal pressures in Japan, higher-for-longer US Treasury yields and only gradual rate hikes from the Bank of Japan, strategist Karen Reichgott Fishman wrote in a note.