Goldman Sachs forecasts USD/JPY to 126 (12 month horizon), from 130 previously
Goldman Sachs on USD/JPY and the Bank of Japan. Analysts have lowered their USD/JPY forecasts significantly: “We have maintained our core view that USD/JPY should trade most closely with US rates this year, particularly given our forecast that the BoJ will be more patient in making further policy changes than the market expects,” GS notes. […]