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Goldman Sachs strategist Zach Pandl said the Japanese yen could serve as a hedge against an uncertain US election outcome and is undervalued with room to appreciate. The comments came ahead of the November 2020 US presidential vote.
A stronger yen signals a weaker dollar against Japan's currency, a macro backdrop that can modestly support dollar-priced commodities, though feed-market impact is indirect.
cnbc.comYen Nee LeeNov 3, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
