Goldman Sachs has revised its foreign exchange forecasts, projecting a stronger US dollar against the euro and yen. Specifically, the bank anticipates the USD/JPY pair to rise to ¥155 within three months, maintain that level over the next three months, and decline to ¥150 within a year.
Suzuki’s comment caused a stir in the currency market, with USD/JPY experiencing a slight decline. The remark, which has been widely reported by news outlets, highlights the potential impact of high-profile statements on financial markets.
At a recent meeting in Washington, Japan’s finance minister, Suzuki, expressed his strong concern over the weak yen and its impact on rising import costs.
Suzuki has reiterated his stance on currency intervention, emphasizing that international cooperation is in place and intervention could occur to address excessive market movements. However, he notes that the current situation may not warrant intervention, as it could benefit buyers of the USD/JPY currency pair.
