# Goldman Sachs says Japanese yen can hedge against U.S. election uncertainty

> 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.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50383-goldman-sachs-says-japanese-yen-can-hedge-against-u-s-election-uncertainty
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2020/11/03/goldman-sachs-says-japanese-yen-can-hedge-against-us-election-uncertainty.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.