<p style=““ class=“text-align-justify“>That seems to be the take from Goldman Sachs as they revise higher their 3-, 6-, and 12-month outlook for USD/JPY to 155, 155, and 140 respectively (previously was 150, 135, and 125 respectively). Whatever the case may be, <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-stays-lockstep-with-the-bond-market-20221108/“ target=“_blank“>the pair remains lockstep with the bond market</a> and this week’s US CPI data will be a crucial one for short-term sentiment at least.</p>

This article was written by Justin Low at forexlive.com.