All signs continue to point towards a lower Japanese yen - SocGen
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Societe Generale notes that while intervention threat persists, Japan has struggled to really shift the discourse in the yen outlook ever since 2022. Considering the current circumstances, the environment for a weaker yen currency looks set to persist for a bit longer. The firm a
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4 itemsThe Japanese yen will likely remain weak for months to come - Goldman Sachs
Goldman Sachs anticipates that the Japanese yen will continue to exhibit weakness over the coming months, primarily due to persistent monetary easing by the Bank of Japan. This stance aligns with ongoing global economic conditions where the yen remains under pressure from a rising interest rate environment elsewhere, diminishing its attractiveness as a safe haven currency.
Yen has room to drop further but intervention risks cap USD/JPY upside - Goldman Sachs - investingLive
Goldman Sachs has highlighted the potential for further depreciation of the Japanese Yen, yet underscores the risks of government intervention which could limit the upward trajectory of USD/JPY. Despite these downward pressures, their forecasts suggest a cautious approach to currency positioning, recognizing the looming possibility of action from the Bank of Japan to stabilize the Yen.
Yen has room to drop further but intervention risks cap USD/JPY upside - Goldman Sachs - investingLive
Goldman Sachs posits that while the yen has potential for further depreciation, intervention risks may limit the upside for USD/JPY. As the market assesses potential intervention by the Bank of Japan, the dollar's ability to strengthen beyond current levels could face significant hurdles.
UBS warns: Yen may fall to 175, intervention will only "drain foreign exchange reserves without turning the tide" - Bitget
UBS suggests that the Japanese yen may depreciate to JPY 175 against the dollar, warning that any intervention efforts would likely deplete foreign exchange reserves without altering the currency's downward trajectory. This commentary highlights the ongoing weakness of the yen, exacerbated by Japan's monetary policy divergence from tighter stances seen globally. Per the full note [source], UBS's outlook is rooted in fundamental factors such as Japan's economic performance and interest rate differentials, which continue to pressure the yen.
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