Where Goldman Sachs sees EUR/USD and USD/JPY heading
The latest note from FX analysts at Goldman Sachs:
1- “Since September’s dovish ECB meeting, the EUR has been
volatile but is largely unchanged in level terms. Expectations of ECB easing
have increased, including our own – we expect that in coming months the
ECB will extend its asset purchase program at the current run-rate at least to
end-2016, before tapering through 2017, representing a substantial
increase to the balance sheet relative to the current September 2016 baseline,” Goldman Sachs projects.