USD/JPY extends the consolidation near cycle highs amid US-Iran crisis, stealth interventions risks
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bullish | 149.00 |
UOB | Neutral | 163.50 |
UBS | Bullish | 150.00 |
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