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Goldman Sachs says scope for Japanese Yen (JPY) intervention may be limited

Goldman Sachs on the Bank of Japan and JPY.- Key Takeaways: 1. Expectation of an Adjustment to YCC: Goldman Sachs economists expect an adjustment to the Yield Curve Control (YCC) in July. This could appease any concerns in the Japanese administration. 2. Potential Impact of a YCC Scrapping: If the Bank of Japan (BoJ) surprises the market by scrapping YCC rather than just tweaking it, Goldman Sachs expects that a 4-5% sell-off in the JPY would be a reasonable baseline. This estimate is slightly... Read More

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Content Topics

Goldman

Sachs

Says

Scope

Japanese

Jpy

Intervention

Limited

Forex

Posted: Jun 22 2023, 21:55

Author Name: forexlive

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