[Goldman Sachs Turns Bullish on Yen: Expected to Rise to 150 in the Next 12 Months, Supported by Capital Reflow and BOJ Rate Hikes] Odaily Planet Daily News – Goldman Sachs Group predicts that the yen will rise to the 150 level within the next 12 months, marking a shift from its previous bearish stance. The institution believes that changes in domestic policies in Japan and potential capital reflow will strengthen the outlook for yen appreciation. Goldman Sachs strategist Karen Reichgott Fishman revised the forecast for the yen exchange rate over the next 12 months from the previous 165 yen per US dollar to 150 yen per US dollar, while adjusting the 3-month and 6-month targets to 158 and 155, respectively. She stated that the adjustment is primarily based on the Bank of Japan's rate hikes occurring faster than previously expected, as well as the increasing likelihood of domestic capital returning to Japanese assets. Fishman wrote: 'These changes collectively enhance the appeal of going long on the yen, especially as the market begins to worry about recession risks, where the yen can offer some protection.' (Jin10)