Yen turns into better hedge against AI-driven market shock, thanks to Japan’s policy backdrop changes: Goldman Sachs
Goldman Sachs reported that changes in Japan's policy backdrop make the yen a better hedge against AI-driven market shocks. The yen's risk of sharp depreciation has decreased, particularly during recent global tech stock declines. As a result, the yen is now viewed as more attractive for procyclical portfolios, with implications for currency stability amid rising global yields.