Yen edges back toward 160 as traders await Japan intervention data due Friday
EUR/USD — All Desk Targets
28 desks
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 1.1140 |
ABN AMRO | Bullish | 1.1500 |
Bank of America | Bullish | 1.1500 |
From the original
The yen traded near 159.60 per dollar Thursday as markets awaited official MOF intervention data due at 1900 JST, with Bloomberg analysis suggesting up to ¥10 trillion was deployed to defend the currency in late April. 1000 GMT / 0600 US Eastern time Summary: The yen was trading
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MUFG Dollar To Yen 2026 Forecast: Intervention Risk Supports Yen Below 160 - Exchange Rates UK
MUFG's 2026 USD/JPY forecast highlights intervention risk as a key factor supporting the yen below 160. The bank argues that Japanese authorities remain vigilant, and any upside breach of 160 could trigger aggressive intervention, capping dollar-yen. This view aligns with broader market expectations of a gradual yen recovery amid narrowing US-Japan yield differentials.
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