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JPY will keep rising until Kuroda turns Godzilla to stop it says Goldman Sachs

USDJPY to keep falling until the BOJ responds with "overwhelming force".

That's the reasoning from Goldies analyst Robin Brooks.

  • Maintains the structural view that the USDJPY trend will be reversed

  • USD will head higher despite short-term declines

  • Analysts says BOJ would need to switch their emphasis back to balance sheet building to signal that it's not done with QQE

  • Doing so would be the trigger for USDJPY to move back to 120.00

  • BOJ calling an emergency meeting could become necessary if JPY appreciations gets out of hand

Goldies have their USD buttons stuck bullish mode for several years now. 1000/2000 pip moves in either direction is water off a ducks back to them, there's always a reason why it's going higher.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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