Goldman Sachs Raises 12-Month USD/JPY Forecast to 165 From 155

USDJPY0.26%
According to Goldman Sachs, the bank raised its 12-month US dollar to Japanese yen forecast to 165 from 155, citing persistent upward pressure on the dollar absent a sharp US economic slowdown or more aggressive Bank of Japan tightening. The bank also lowered its 12-month euro to dollar forecast to 1.12 from 1.20.
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