USD/JPY to eye a drop back below 150 by year-end?
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
MUFG | Bullish | 1.1800 |
Danske Bank | Bearish | 1.1100 |
UBS | Bullish | 1.1800 |
All 27 desk targets for EUR/USD
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In case you missed it, from earlier: BofA cuts USD/JPY year-end forecast to 149 after intervention This adds to their previous quick take that the joint action by the US and Japan has removed the "ultimate constraint" on intervention. Given the situation, they have revised down t
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4 itemsBofA cuts year end dollar/yen forecast to 149 after intervention - TradingView
BofA cuts year end dollar/yen forecast to 149 after intervention
The desk views Bank of America's revised forecast for USD/JPY, which suggests a year-end target of 149, as a significant signal of changing market dynamics following recent coordinated interventions. Per the full note from BofA, this adjustment reflects a growing consensus that such actions are altering the yen's trajectory permanently rather than just providing temporary relief. With the current spot around 161.66, a shift towards the 149 target implies a notable appreciation for the yen of approximately 6%. The anticipated tightening by the Bank of Japan in September plays a crucial role in maintaining this momentum, as failure to act could risk the yen's recent gains and undermine the effectiveness of the intervention.