Japan to press GPIF on domestic assets as JGB selloff exposes BOJ independence fears
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 163.00 |
Citi | Bearish | 163.00 |
MUFG | Bullish | 146.00 |
From the original
The GPIF push and the government's repeated denials of BOJ interference read as a coordinated effort to steady a JGB market that has already sold off to multi-decade high yields on fiscal and political concerns. Given GPIF's 293.4 trillion yen scale and even split across domestic
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