Goldman Sachs cuts USD/JPY forecast to 150 in 12 months
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Goldman Sachs has lowered its dollar-yen exchange rate forecast, citing a more favorable domestic policy environment in Japan and the potential for Japanese capital to return home. Strategist Karen Reichgott Fishman now predicts the dollar-yen rate will reach 158 in three months, 155 in six months, and 150 in 12 months. These forecasts are down from previous estimates of 162, 163, and 165, respectively. The revision strengthens the case for holding yen, according to the bank.
Source report
September 25 — Goldman Sachs has revised down its USD/JPY exchange rate forecast, citing improved domestic policy conditions in Japan and the potential for capital repatriation, which together strengthen the case for holding the yen.
According to strategist Karen Reichgott Fishman, the updated projections are as follows:
- 3-month forecast: 158 (down from 162)
- 6-month forecast: 155 (down from 163)
- 12-month forecast: 150 (down from 165)
Source
财联社Neutral / independent
Part of this Story
Goldman Sachs reverses yen stance, forecasts USD/JPY at 150 in 12 months