BOJ front-loading now in play as AI demand and inflation risks build
USD/JPY — All Desk Targets
21 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bullish | 149.00 |
Scotiabank | Bullish | 140.00 |
UOB | Bearish | 158.40 |
From the original
Analysts at Daiwa frame the debate as having moved from "whether to hike" to "how much and how quickly to front-load" is the most market-relevant signal in the note. If the BOJ is indeed shifting its assessment framework away from a simple real interest rate gauge toward a broade