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Goldman Sachs raises dollar/yen forecast to 130 by end-2015

From reuters.com

Goldman Sachs has raised its forecast for the dollar/yen currency pair at the end of 2015 by 10 yen to 130, the investment bank said on Friday, in a week that has seen Japan slip into recession and a snap election called. The yen has fallen over 10 percent in the past month and skidded to a seven-year low against the dollar at 118.98 JPY= this week after Japan postponed a planned hike in sales tax and braced itself for more policies to combat stubbornly low inflation. Prime Minister Shinzo Abe dissolved parliament's lower house on Friday for a snap election on Dec. 14, seeking a fresh mandate for his struggling ... (full story)

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