Daiwa sees next BOJ rate hike in December as Ueda signals shift in policy phase
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
A December hike fits a steady, quarterly pace, which should limit surprises for markets, but Daiwa sees the risks tilted towards earlier moves. That keeps the front end of the JGB curve under upward pressure, with Japan's 10-year yield already at its highest since 1996. The yen i