Japan’s 2.4% underlying inflation puts a higher BoJ terminal rate in play
USD/JPY — All Desk Targets
24 desks
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bearish | 160.00 |
ING | Bullish | 152.00 |
Société Générale | Bearish | 160.00 |
From the original
The debate is shifting from when the BoJ hikes again to where rates peak, which matters most for the front end of the JGB curve. A market that moves from pricing a terminal rate around 1.75% to one closer to or above 2% would be likely to push two-year and five-year yields higher
More like this
5 itemsPBOC sets USD/ CNY reference rate for today at 6.7180 (vs. estimate at 6.6758)
PBOC is expected to set the USD/CNY reference rate at 6.6758 – Reuters estimate
ECB preview: MUFG sees October hold, two hikes ahead. See EUR/USD year end at 1.12
ECB’s Panetta says rising yields a drag on growth, not a crisis, ahead of rate meeting