The currency pair is currently teetering on the significant 150 level, influenced by minor fluctuations in U.S. Treasury yields, as of Tuesday. Market speculation is focused on the potential intervention by the Japanese Ministry of Finance (MOF), which could trigger follow-on trades and stops if this level is exceeded.
Goldman Sachs, however, has a different outlook. The multinational investment bank and financial services company foresees the USD/JPY climbing to 155, without any necessity for intervention. This prediction is backed by strong USD/JPY fundamentals.
This current situation mirrors the events of last October when the USD/JPY surged to 151.94 before experiencing a swift reversal. The market will be closely watching these developments and any potential interventions or lack thereof from the Japanese MOF.
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