USD/JPY stays bid despite more hawkish BoJ's Ueda comments and imminent rate hike report
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bullish | 145.00 |
ING | Bullish | 152.00 |
MUFG | Bullish | 152.00 |
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FUNDAMENTAL OVERVIEW USD: The US dollar has been mostly rangebound for the past months with bouts of weakness on positive US-Iran headlines, and strength on negative developments. This week, the greenback has been supported by renewed tensions in the Middle East as US and Iran ex
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4 itemsUSD/JPY remains rangebound above the 160.50 support as traders await the US CPI report
The Japanese Yen jumps on hawkish BoJ dissenters but erases gains on dovish Governor Ueda
The desk sees the Japanese Yen's recent volatility as a reflection of conflicting signals from the Bank of Japan (BoJ) and broader geopolitical tensions. Per the full note [source], the Yen initially gained on hawkish dissent within the BoJ but reversed those gains following dovish comments from Governor Ueda, who emphasized caution regarding inflation and economic impacts from the US-Iran conflict. This duality suggests a complex landscape for USD/JPY trading, particularly with the upcoming FOMC decision likely to influence dollar strength. Overall, the Yen's bias remains neutral to bearish amid these developments.
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