Bank of America: Four Stakeholders in FX Intervention; We Now Target USD/JPY at 149 by Year-End - eFXdata
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 159.60 |
Bank of America | Bullish | 149.00 |
Rabobank | Bullish | 145.00 |
From the original
Bank of America: Four Stakeholders in FX Intervention; We Now Target USD/JPY at 149 by Year-End eFXdata
Related speeches
4 itemsBank of America: JPY: 4 Reasons Why This Wave of MoF Intervention Will Likely Be More Effective - eFXdata
BofA cuts year end dollar/yen forecast to 149 after intervention
The desk views Bank of America's revised forecast for USD/JPY, which suggests a year-end target of 149, as a significant signal of changing market dynamics following recent coordinated interventions. Per the full note from BofA, this adjustment reflects a growing consensus that such actions are altering the yen's trajectory permanently rather than just providing temporary relief. With the current spot around 161.66, a shift towards the 149 target implies a notable appreciation for the yen of approximately 6%. The anticipated tightening by the Bank of Japan in September plays a crucial role in maintaining this momentum, as failure to act could risk the yen's recent gains and undermine the effectiveness of the intervention.
More like this
5 itemsGoldman Sachs: EUR may have run a Little Ahead of Fundamentals; USDJPY: has Structural Downside Asymmetry - eFXdata
USD/JPY Price Forecast: Wavering around 158.00 with 200-day SMA holding bulls - www.tmgm.com
USD/JPY Price Forecast: Wavering around 158.00 with 200-day SMA holding bulls - Mitrade
USD/JPY Price Forecast: Wavering around 158.00 with 200-day SMA holding bulls - FXStreet