BofA cuts USD/JPY forecast for end-2026 on improving yen outlook - Investing.com UK
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
MUFG | Bullish | 152.00 |
UBS | Bearish | 160.00 |
Scotiabank | Bullish | 140.00 |
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BofA cuts USD/JPY forecast for end-2026 on improving yen outlook Investing.com UK
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4 itemsBofA cuts USD/JPY forecast for end-2026 on improving yen outlook - Investing.com
The desk views the recent revision by BofA to cut its USD/JPY forecast for the end of 2026 as a significant signal of an improving outlook for the yen, indicative of a broader trend impacting FX markets. Per the full note [source], BofA has adjusted its prediction to 147 from a previous target, moving in line with a general sentiment shift among other banks reflecting increased bullishness on the yen. Current consensus shows a median USD/JPY target of 148, but this adjustment may suggest that upcoming economic indicators could further influence this trajectory as we approach mid-year assessments.
BofA cuts USD/JPY forecast to 152 (prior 157) and flags three triggers for yen bull turn - TradingView
BofA's adjustment of its USD/JPY forecast from 157 to 152 highlights emerging bearish sentiment on the dollar against the yen, identifying three potential triggers for a yen bull run. Per the full note [source], these triggers suggest a pivot in central bank policy could be imminent, driven by shifts in US economic data and altered inflation trajectories. Current consensus among firms forecasts a near-term USD/JPY target around 154.5 with expectations for further depreciation towards 148 by the end of the year. With no significant calendar events scheduled in the next month, market positioning will be key to watch as traders assess these potential shifts.
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