Goldman Sachs raises USD/JPY forecasts to 155, 150, and 145 in 3, 6, and 12 months due to a weakening Japanese yen.
Goldman Sachs raised its USD/JPY forecasts to 155, 150, and 145 in three, six, and 12 months, respectively, due to a benign macroeconomic environment, which is expected to weaken the Japanese yen. This differs from their previous forecasts of 145, 142, and 140. Strategists believe that the Federal Reserve's cautious interest rate cuts won't boost the yen and may even reduce the probability of recession risks.
March 23, 2024
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