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USD/JPY market consensus pathBearish
1W
160.20
1M
157.69
1Q
156.91

USD/JPY

Japanese yen Forecast

Bank consensus forecasts for Japanese yen (JPY) — per-firm targets, quarterly path, dispersion, and revision history unlock with Retail.

Bank consensus · Dec 2026

Consensus

148.00

Range

140.00164.00

Banks

22

Free on this page

  • ·Central-bank policy backdrop & meeting schedule
  • ·Macro themes shaping the USD/JPY outlook
  • ·Live spot price and recent moves
  • ·Economic calendar references and related cross-bank commentary

See each desk's named target & quarterly path from all 22 desks

The cross-firm consensus above is free. Per-firm attribution — which desk targets what, and its quarterly path — is part of the paid tier.

FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.