new york dec 21 reuters  the bank of japan which widened the trading band for 10year japanese government bonds jgbs on tuesday may have inflicted damage on the dollar against the yen but goldman sachs analysts said there was further room for the greenback to rise on tuesday the dollar plunged as much as 4 against the yen its largest daily percentage fall since 1998 the us currency however rebounded on wednesday and was last up 04 at 13228 yen in wednesdays research note goldman said the path for the yen depended on whether the boj move was a technical adjustment as the central bank had pointed out or the start of a tighter monetary policy regime goldman assumed that for now the boj move was a technical adjustment and a sign that policy rates could be adjusted further in coming month although the basic boj framework remained unchanged in the banks baseline scenario treasury yields will continue to have more degrees of freedom than jgbs noting that us frontend rates are overpricing recession odds and underpricing the fed cycle this should drive dollaryen higher over the coming months goldman noted for now however goldman is closing its long dollaryen position as the market is likely to price in a more meaningful boj policy change which the us investment bank said is a real possibility we are placing our forecasts under review while we reassess