Goldman Sachs strategists said that although the yen's reaction was relatively lackluster during the recent weakening of the stock market, if AI-related stocks fall further, the yen is still the best currency hedge. Strategists such as Kamakshya Trivedi said in the report that there are “several reasons to continue to trust” the yen, and warned against excessive extrapolation based on the recent weak linkage between USD/JPY and technology stocks. Since the beginning of October, the NASDAQ index's performance was lower than that of the S&P 500 index, including the day the stock market plummeted on November 5, the USD/JPY average declined. Meanwhile, the one-month rolling correlation between USD/JPY and the daily return on AI-related stocks has risen to the highest level this year.

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