Goldman Sachs bullish targets for USD/JPY.

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Goldman Sachs provided targets for USD/JPY of 122, 125 and 130 in 3, 6 and 12 months respectively.

According to the analysts, the BOJ’s surprise decision of introducing negative rates in January indicated a willingness to innovate in its monetary policy measures and a commitment to its price target. The Goldman Sachs believes that this policy deviation will further weaken the JPY against the US dollar.

The pair was trading at 111.7760 as of 06:00 AM EST today. It has lost more than 8% since February 1 highs.

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