GOOGLE NEWS · USD/JPYg10 fx
Goldman Sachs revises up forecast path for USD/JPY to reflect more persistent U.S. hiking cycle - Reuters
At a Glance
The desk anticipates a stronger USD/JPY trajectory, driven by an extended U.S. interest rate hiking cycle as highlighted by Goldman Sachs' revised forecasts. Per the full note, Goldman now expects the USD/JPY to reflect a more persistent tightening environment, which could support the dollar against the yen in the near term. This aligns with our view that the Fed's commitment to higher rates will continue to influence currency dynamics. The current consensus among firms suggests a target range for USD/JPY that reflects this bullish sentiment, particularly as market participants adjust their positions accordingly.