FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 30 institutional desks. No promotion.
22 investment banks see USD/JPY at 148.85 by Dec 2026
View the live USD/JPY forecast| Firm | Stance | YE 2027 |
|---|---|---|
MUFG | — | 146.00 |
Citi | — | 153.00 |
UOB | — | 160.75 |
From the original
I thought we might see some real currency intervention today after Japanese Finance Minister Katayama said he was prepared to take 'decisive action' on speculative moves in the yen. That comment caused a quick fall to 161.00 from 161.70 but the pair soon rebounded to 161.30 and i
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All 22 desk targets for USD/JPY
The desk observes a significant shift in USD/JPY dynamics following Japan's aggressive intervention efforts, which have successfully pushed the pair to a ten-week low. Per the full note from Justin Low at investinglive.com, the Ministry of Finance's latest yen-buying measures have come in response to persistent selling pressure, particularly after the pair approached the 158.00 mark. This intervention may temporarily alter market sentiment, but the underlying bearish fundamentals for the yen remain intact, especially amid geopolitical tensions in the Middle East. The consensus target for USD/JPY remains at 1.075, with a range between 1.04 and 1.12, indicating a cautious outlook ahead.