April 29, 2022 - 12:12 PM 244 views
Goldman Sachs analysts stated that, despite the dovish Bank of
Japan (BOJ), the Japanese yen currency will likely continue to fall, and that
forex market (FX) intervention will have very little impact on the yen
The yen currency's market decline will continue as long as
the Bank of Japan (BOJ) maintains its loose monetary policy and yield curve
control and US income rises.
We certainly find it
difficult to watch the intervention drive the long-term admiration in absence
of any expectations of the yield control curve shifting.
The Forex market(FX) intervention will have a little effective
whenever the yield risks are still tilted to the upside.
However, there is a high risk of intervention but the yen currency
will come out as a superior strength only if the Bank of Japan (BOJ) reviews
its YCC settings and the currency rate should have a differential of the 40 bps