Goldman Sachs sees yen longs as the best hedge against US recession and tariff risks Bloomberg (gated) have the info from Goldman Sachs. In brief: * Goldman Sachs expects the Japanese yen to rise to the low 140s against the U.S. dollar this year * Says its a prime hedge against growing concerns over U.S. economic weakness and trade tensions * Says yen tends to perform well when U.S. equities and real yields fall together * “The yen has room to appreciate in this less benign scenario where we and the market are increasing the probability of recession” * “If the US labor market data surprises on the weak side... the yen is a very good hedge.” Goldman recently revised its U.S. outlook to include three Fed rate cuts, citing the likely economic drag from President Trump’s expected tariffs. This article was written by Eamonn Sheridan at www.forexlive.com.

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