USD/JPY extends the consolidation near cycle highs amid US-Iran crisis, stealth interventions risks
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bullish | 148.00 |
UBS | Bearish | 160.00 |
UOB | Bearish | 160.55 |
All 23 desk targets for USD/JPY
From the original
FUNDAMENTAL OVERVIEW USD: The US dollar has been under pressure in the past few days following the surprisingly soft US inflation figures. The data triggered a dovish repricing in interest rate expectations with traders scaling back significantly the probabilities for a rate hike
Related speeches
4 itemsUSD/JPY is almost back to four-decade high as the US-Iran crisis, slow BoJ keep weighing on the yen
EUR/USD extends gains after the soft US inflation data but the focus remains on US-Iran crisis
USD/JPY flirts with a key upside breakout as yen's intervention-led gains continue to fade
The desk sees the USD/JPY poised for a potential upside breakout as the yen's recent gains, driven by intervention, appear to be waning. Per the full note [source], the US dollar has regained traction amid higher-than-expected inflation data and geopolitical tensions, while the Bank of Japan's dovish stance continues to weigh on the yen. With the USD/JPY testing the critical 158.00 resistance level, a breakout could signal a move towards 162.00, contingent on the Fed's evolving policy stance and upcoming economic data. The market remains cautious, awaiting the US Retail Sales report and Jobless Claims figures, which could provide further direction.
More like this
5 itemsUSDJPY tests the 61.8% retracement as buyers and sellers battle for control
The Indian Rupee's slide pauses ahead of the UN General Assembly as hopes for de-escalation grow
USD/JPY intervention risk grows as Japan holiday leaves yen exposed in thin liquidity
Market outlook for the week of 21st-25th September