Goldman Sachs Sees Yen at 165 per Dollar in 12 Months

Goldman Sachs revised its yen forecast to 165 per dollar within 12 months, up from a previous projection of 155 per dollar, according to Kamakshya Trivedi, head of global FX and interest rates at the firm. Trivedi told Bloomberg Television that the yen is undervalued. The revision reflects Goldman Sachs' assessment of currency movements in the yen-dollar pair.

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