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How far can the yen's reversal go? Goldman Sachs bets the appreciation is "just beginning," while Morgan Stanley waries of policy failures and resuming its bullish stance on the dollar.

How far can the yen's reversal go? Goldman Sachs bets the appreciation is "just beginning," while Morgan Stanley waries of policy failures and resuming its bullish stance on the dollar.

The yen surged by about 3% in just a few trading days, driven by rising expectations of a Bank of Japan interest rate hike and the possibility that the Government Pension Investment Fund (GPIF) might increase its allocation to domestic assets. According to TrendFocus, Goldman Sachs believes that this rally
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