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Goldman Sees Yen Advancing to 150 in Reversal of Bearish Stance
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Goldman Sachs has made a significant revision to its stance on the Japanese currency, adopting a more optimistic perspective compared to the skeptical ("bear") one.
Goldman Sachs has changed its strategy regarding the Japanese yen. Previously forecasting a weak yen, the firm has shifted its outlook upwards in its latest assessment. Accordingly, it has revised its 12-month forecast for the dollar/yen exchange rate from 165 to 150...
The likelihood that funds will start returning to Japan is increasing.
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