USD/JPY continues to push up, eyes on the 2024 high
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bearish | 160.00 |
Scotiabank | Bullish | 140.00 |
MUFG | Bearish | 159.00 |
All 25 desk targets for USD/JPY
From the original
The slippery slope is just getting more dicey for the Japanese yen currency, with all that is going on in markets since last week. A more peaceful resolution in the Middle East is being challenged and regardless, USD/JPY continues to grind higher. The yen is very much in a situat
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4 itemsUSD/JPY nudges back up towards 158.00 mark as dollar holds firmer on the week
The USD/JPY pair is testing the critical 158.00 level as the dollar remains resilient amid ongoing bearish sentiment for the yen. Per the full note from Justin Low at investinglive.com, the Ministry of Finance's (MOF) recent intervention efforts have yet to stabilize the currency, raising questions about their willingness to engage further. The current market dynamics suggest that traders are increasingly willing to challenge the MOF's thresholds, especially with external pressures like rising oil prices exacerbating the yen's weakness. This situation is compounded by the lack of significant intervention during low liquidity periods, which may have diminished the effectiveness of previous actions.