Goldman Sachs also believes that Japan will raise interest rates in September to support the yen. - Moomoo
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Goldman Sachs also believes that Japan will raise interest rates in September to support the yen. Moomoo
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4 itemsGoldman Sachs also believes that Japan will raise interest rates in September to support the yen. - 富途牛牛
Goldman Sachs has brought forward its expectation for the Bank of Japan's next interest rate hike to September. - 富途牛牛
Preview: Goldman Sachs sees yen and Nikkei risk building on faster BoJ rate path
The desk anticipates a shift in the Japanese yen's trajectory correlating with the Bank of Japan's (BoJ) forthcoming interest rate hike, particularly as Goldman Sachs suggests a faster tightening path post-September meets with market consensus. Per the full note, the prospect of a steeper rate hike cycle is likely already factored into current pricing, positioning the yen favorably against its peers, notably the USD. This scenario is accentuated amidst pressures from rising energy costs and broader inflation concerns, further supported by a low real yield that contrasts Japanese economic fundamentals. With institutional consensus pointing toward a possible takeaway from the BoJ meeting, USDJPY remains a focal pair, given its sensitivity to both monetary policy shifts and risk sentiment globally.
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