GOLDMAN SACHS: SHORT USD/JPY IS THE BEST FX HEDGE AGAINST AN AI SELLOFF Goldman Sachs recommends selling the US dollar against the Japanese yen to hedge against a potential AI-driven stock market decline. The bank analyzed the 20 largest episodes since 2000 when equities and bond yields fell simultaneously, finding that the yen consistently stood out as a defensive currency. Goldman argues that a sharp AI selloff could trigger falling Treasury yields and renewed demand for the yen.(彭博社)