BOJ expected to raise interest rates again by end of the year - poll
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bullish | 149.00 |
UOB | Neutral | 163.50 |
UBS | Bullish | 150.00 |
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The survey was conducted on 13-21 July, so it will have accounted for the latest US-Iran developments for the most part. These are some of the key findings: 83 of 87 economists expect BOJ to leave interest rates unchanged this quarter 75 of 87 economists expect BOJ to deliver ano
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The desk believes that Japan's currency intervention efforts are unlikely to yield sustainable results in curbing yen weakness, particularly as the USD/JPY approaches 158.50, the highest level in two weeks. Per the full note [source], a recent Reuters poll indicates that 74% of economists view currency intervention as ineffective, while 65% expect the Bank of Japan (BOJ) to raise rates to 1.00% by June. This sentiment is compounded by the ongoing geopolitical tensions in the Middle East, which may further complicate Japan's economic outlook.