USD/JPY slips to around 156.4 as half-year-end flows and Fed comments weigh
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
MUFG | Bullish | 152.00 |
UBS | Bearish | 160.00 |
Scotiabank | Bullish | 140.00 |
From the original
Half-year-end flows (itsd Japan FY half year end today) are the dominant driver here, and moves of this kind can reverse once the new fiscal half begins, so the yen's gain may prove less durable than the size of the fall suggests. The backdrop of official comments has made trader
Related speeches
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.
Dollar slides across the board after USD/JPY selling hits
Lead — The desk interprets the recent decline in USD/JPY, which fell 1.6% to 157.60, as indicative of broader dollar weakness rather than a direct result of Japanese intervention. Per the full note [source], this price action suggests a more complex interplay of market dynamics, including month-end flows and a potential rate check rather than a sudden intervention. The dollar is sliding against other major currencies, with notable moves in USD/CHF and AUD/USD. This backdrop raises questions about the sustainability of dollar strength in the near term.
More like this
5 itemsUS dollar hits three-month high as Treasury yields surge, EUR/USD cracks key support
Market mood dims as US 30-year borrowing rates hit the highest since 2002
USD/INR remains skewed to the upside amid rising oil prices, but a US-Iran breakthrough could trigger a big selloff
AUD/USD risks bigger breakdown below 0.7000 as RBA rate hike fails to lift aussie