The bank has raised their forecasts from JPY over coming months (ie looking for lower USD/JPY)
3 month 108 (from previously at 112)
6 month 107 (from 110)
12 month to 105 (108)
GS citing:
- US real rates could fall further
- JPY should be held as a portfolio hedge
- less hawkish Fed
- market expects slower US growth
- chance of a US / China trade truce has improved
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GS note is from late last week (Friday)
