Goldman Sachs Cuts Yen Forecast to 165 Per Dollar, Recommends Carry Trades
Hyperdash NewsFXGoldman Sachs has lowered its forecast for the Japanese Yen, now expecting it to reach 165 per US dollar. The investment bank also recommended carry trades, advising investors to borrow in Yen and invest in currencies with higher yields. This new outlook suggests a bearish view on the Yen's future performance.
This revision from Goldman Sachs indicates continued pressure on the Yen. Carry trades capitalize on interest rate differentials, suggesting that the Yen's low interest rates are expected to persist relative to other major currencies. The early reaction on Hyperdash: 
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