Goldman Revises Dollar-Yen Forecast Upward on Benign Macro Risks
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Goldman Sachs Group Inc. raised its forecasts for the dollar versus the yen, expecting a benign macro setup to weigh on the Japanese currency in coming months.
The firm now expects USD/JPY to trade around 155, 150, and 145 in three, six and 12 months, compared with previous forecasts of 145, 142 and 140, strategists including Kamakshya Trivedi wrote in a note Friday. The pair ended Friday at 151.41.