Goldman Sachs Group lowers its forecast for the Japanese yen exchange rate, with a target price adjusted to 165 yen to 1 US dollar

Since July, the exchange rate of the Japanese yen against the US dollar has continued to decline, falling to 162.80 yen per US dollar at one point, hitting a new low since December 1986. Goldman Sachs Group has adjusted its forecast for the Japanese yen to the US dollar exchange rate for the next 12 months from 155 yen to 1 US dollar to 165 yen to 1 US dollar.