Currencies
Yen to Retreat to 1990 Levels If BOJ Stays Dovish, Goldman Says
- Bank revises yen forecast to 155 from 135 against the dollar
- A more ‘forceful’ BOJ response is a risk to bank’s forecast
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The yen will weaken to levels last seen more than 30 years ago if the Bank of Japan sticks to its dovish stance, according to forecasters at Goldman Sachs Group Inc.
Over the next six months the yen is projected to reach 155 per dollar — the weakest since June 1990 — according to the bank’s strategists led by Kamakshya Trivedi. They had previously expected the yen to trade to 135.