Goldman Sachs on Yen Weakness: Goldman Sachs predicts that the Japanese yen will remain weak due to domestic economic and political factors, particularly the snap election called by Prime Minister Takaichi aimed at consolidating power for fiscal expansion.
USD/JPY Outlook: The firm estimates that the USD/JPY exchange rate will likely range between 155-160 in the near term, with intervention risks limiting potential upside, while ongoing data and election risks may contribute to further yen weakness.
Intervention Signals: Goldman Sachs highlights the importance of a "rate check" by the Bank of Japan (BOJ) or Ministry of Finance (MOF) as a precursor to potential market intervention, noting historical precedents for such actions.
Policy Intervention Risks: There is also a possibility that the BOJ may consider raising interest rates sooner than anticipated if the yen's depreciation continues, indicating a need for fundamental policy changes.
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 33.345
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Current: 33.345
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
