USD/JPY stumbles lower after brief trip to near five-week highs earlier in the day
USD/JPY — All Desk Targets
| 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
The currency pair tried to take a firm run above the 160.00 mark earlier in the day, with the high touching 160.40. That was the highest point since 31 July, when the US and Japan acted in joint intervention to bolster defense of the Japanese yen currency. There was a bit of a pu
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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.
USD/JPY continues to poke and prod at intervention strike zone
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