Japan ministry of finance declines to comment on sudden yen spike
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bullish | 145.00 |
ING | Bullish | 152.00 |
MUFG | Bullish | 152.00 |
All 25 desk targets for USD/JPY
From the original
USD/JPY is down 0.8% on the day now to 161.20 as the dust settles from the earlier price action volatility. The past hour or so saw the currency pair falling by around 100 pips from 162.20 to a low of 161.13, before a quick rebound back to 161.90. After which, it has been a slow
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4 itemsDollar slides across the board after USD/JPY selling hits
Lead — The desk interprets the recent decline in USD/JPY, which fell 1.6% to 157.60, as indicative of broader dollar weakness rather than a direct result of Japanese intervention. Per the full note [source], this price action suggests a more complex interplay of market dynamics, including month-end flows and a potential rate check rather than a sudden intervention. The dollar is sliding against other major currencies, with notable moves in USD/CHF and AUD/USD. This backdrop raises questions about the sustainability of dollar strength in the near term.
USD/JPY on approach to 159! How you left, Ministry of Finance?
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