Goldman Sachs expects the trend of yen depreciation to be over

On 8 July and since July, the Japanese yen has continued its downward trend against the United States dollar, continuously scrutinizing its low position for 40 years, once falling to 162.80 yen to the United States dollar, a new low since December 1986. According to six United States sources, the Goldman Sachs Group, a well-known United States investment bank, expects a further decline in the Japanese yen against the United States dollar. For the next 12 months, the Goldman Sachs Group adjusted its forecast of the Japanese yen to the United States dollar from its previous 155 yen to 165 yen to the United States dollar。