Analysts at Goldman Sachs cite three reasons why not to turn outright bullish on USD/JPY. Key quotes “First, while it has a unique sensitivity to long-end rates, the Yen will benefit with other G10 crosses if US front-end rates converge toward our dovish Fed call.” “Second, speculative traders have turned net short JPY, and we have not seen evidence that bond outflows from Japan are materially picking up.” “Third, JPY appears about 14% undervalued relative to our GSDEER-implied long-run estimate of “fair value,” and the TWI is at low levels relative to history.”. USD/JPY bears stay in control in Tokyo for fresh 6-week low FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD remains hopeful whilst above key $1754 support – Confluence Detector FX Street 2 years Analysts at Goldman Sachs cite three reasons why not to turn outright bullish on USD/JPY. Key quotes "First, while it has a unique sensitivity to long-end rates, the Yen will benefit with other G10 crosses if US front-end rates converge toward our dovish Fed call." "Second, speculative traders have turned net short JPY, and we have not seen evidence that bond outflows from Japan are materially picking up." "Third, JPY appears about 14% undervalued relative to our GSDEER-implied long-run estimate of "fair value," and the TWI is at low levels relative to history.". USD/JPY bears stay in control in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
