Goldman Sachs says USD/JPY to 130 ... just give it 12 months

Goldman Sachs forecasts USD/JPY at 122 in 3-months, 125 in 6-months and 130 in 12-months.

• The low inflation readings in Japan are a major cause for concern for the BoJ and will likely see another round of easing in July or October, projects Goldman Sachs.
• "Our Japan Chief Economist is forecasting something akin to the Fed's Operation Twist at those meetings, which should set the stage for the next sustained leg higher in USD/JPY," GS argues.

That's via the good folks at eFX who, unlike me, haven't knocked off for the weekend (in 3, 2, 1 ...)