Goldman Sachs Cuts Forecast, Sees Japanese Yen Falling to 165 Per Dollar Within One Year

According to Jin10, Goldman Sachs on July 6 downgraded its one-year forecast for the Japanese yen to 165 per US dollar, down from its previous prediction of 155, positioning the bank as one of the most bearish on the currency. Data shows hedge fund short positions on the yen reached their highest level since 2017 last month, with the market pricing a 72% probability that the dollar-yen rate will hit 165 by June 2027. Goldman Sachs also raised its three-month and six-month forecasts to 162 and 163 respectively, from prior estimates of 160 and 158.
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