Japanese yen forecast to weaken to 1990 levels

Japanese yen forecast to weaken to 1990 levels

A sign showing the exchange rates of the South Korean won against other currencies informs people that the won is exchanged at 900 won per 100 yen at a foreign exchange booth in Myeongdong, a shopping mecca in Seoul, on Aug. 29, 2023. Bloomberg carried a report that Goldman Sachs Group Inc. has forecast the Japanese yen will reach 155 per dollar over the next six months, weakening to levels last seen more than 30 years ago if the Bank of Japan sticks to its dovish stance. (Yonhap)

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