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 have made the yen a better hedge against AI-driven market shocks. The yen's risk of sharp devaluation has decreased, making it more attractive for procyclical portfolios. This shift comes as the yen surged 0.9% against the dollar amid concerns over the AI investment boom, with implications for global equities and growth outlook.