Goldman Sachs Cuts Yen Forecast

The video covers FX headlines starting with Australia's job market, where October's job numbers exceeded expectations, offsetting previous losses, and maintaining a steady unemployment rate. It then shifts focus to Japan, where Goldman Sachs predicts a further slide in the yen's value, providing specific resistance and support levels. Lastly, the Bank of Japan's meeting minutes reveal a positive impact of the weaker yen on inflation expectations, though some concerns about CPI temporarily falling below 1% are noted.

What was the net job growth in Australia for October?

• 25,000 jobs

• 24,100 jobs

• 23,700 jobs

• 20,000 jobs

What was the unemployment rate in Australia as reported?

• 6.2%

• 6.0%

• 5.8%

• 6.5%

What is Goldman Sachs' near-term forecast for the yen against the dollar?

• 117

• 116

• 115

• 114

What is the near-term resistance level for the dollar-yen pair according to Bloomberg data?

• 113.50

• 114.77

• 115.00

• 112.45

What concern did some BOJ members express regarding the CPI?

• It could fall below 1%

• It might rise above 2%

• It will remain stable

• It will decrease steadily