Monday, November 19, 2012

Yen in first trend switch since 1985: Goldman’s O’Neill

Another article calling for a more YEN weakness.

This time its Goldman Sachs Asset Management chair Jim O’Neill, says Japanese currency will weaken more in coming time. 

O’Neill, who claims to be correctly calling the direction of the yen for nearly three decades, sees the prospect of a softening yen ranked among the bright spots when weighed against the outlook in Europe, and recent disappointing economic data in the U.S. and China.

He concedes that he was a “couple of years” early in his view of a U-turn, but says recent political events in Tokyo leave him convinced “the moment is here”.

 Sources [marketwatch]

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