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Goldman Sees Yen Rising to Low 140s as BTC Echoes Tech Stock Weakness
2025-04-10 14:45:04| Spiritual Career Counseling
Goldman Sachs recommends the yen as a hedge against U.S. recession risks, citing its historical strength in risk-off environments.By Omkar GodboleUpdated Apr 2, 2025, 9:26 a.m. UTCPublished Apr 2, 2025, 7:26 a.m. UTCThe Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks.The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to take out the trendline drawn off the record high reached on Jan. 20, data from charting platform TradingView show.STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.BTC's USD-denominated price faced similar losses. Meanwhile, Asian equity indices and the U.S. equity futures treaded water ahead of President Donal...
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