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Goldman cuts USD/JPY forecasts, sees 150 in a year as BOJ tightening boosts yen case

A 15-yen cut to a 12-month target from one of the most influential desks carries weight. It gives yen bulls cover just as USD/JPY pushes towards 160. The bigger risk for the market is to carry trades: if Japanese investors really do start moving money home, positions that borrow in yen to buy higher

Why it matters

USD/JPY (US Dollar / Japanese Yen) · Why linked: Goldman Sachs explicitly revised its USD/JPY forecast, targeting 150 in 12 months as BOJ tightening supports the yen. Market context: Goldman's cut to a 150 target could reinforce yen strength and pressure USD/JPY lower from current levels near 160.

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