Goldman Throws In The Bearish Yen Towel: “There Is Little Doubt That The USDJPY Will Keep Falling”
by Tyler Durden
ZeroHedge.com
05/02/2016
“There is little doubt in our minds that $/JPY will keep falling in the near term, until Governor Kuroda is forced to respond with overwhelming force. We therefore hold to our structural view that $/JPY ultimately will go a lot higher. But in the short term, it will fall…. Until Governor Kuroda is willing to grab the bulls by the horns and confront market fears over the BoJ’s balance sheet, the path of least resistance for $/JPY is down”
The Rest…HERE
