FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
25 investment banks see USD/JPY at 154.81 by Dec 2026
View the live USD/JPY forecast| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bullish | 145.00 |
ING | Bullish | 152.00 |
MUFG | Bullish | 152.00 |
All 25 desk targets for USD/JPY
From the original
https://think.ing.com/articles/usd-jpy-largest-quarterly-intervention-since-2004/
TMGM |
UOB |
SG |
ANZ |
The desk is interpreting the recent $35 billion intervention by Japanese authorities as a significant signal in the USD/JPY dynamics, suggesting that further interventions may be on the horizon if speculative pressures on the yen continue. Per the full note [source], Japanese officials have emphasized their close communication with U.S. authorities regarding currency matters, indicating a coordinated approach to stabilize the yen. This intervention aligns with our view that the yen's recent depreciation is unsustainable, particularly given the speculative nature of these moves. Market participants should remain vigilant as this situation develops, especially with the potential for additional interventions looming.