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As the 2024 high gives way, USD/JPY extends into the highest levels since 1986. What next?
USD/JPY — All Desk Targets
22 desks
| Firm | Stance | YE 2027 |
|---|---|---|
MUFG | — | 146.00 |
Citi | — | 153.00 |
UOB | — | 160.75 |
From the original
FUNDAMENTAL OVERVIEW USD: The US dollar has been supported since the last FOMC decision as the more hawkish than expected dot plot led to a quick repricing in interest rate expectations with traders increasing rate hike probabilities. We saw some minor hawkish repricing yesterday
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