J.P. Morgan

FX targets via market commentary

LIVE11 June 2026USD bearish

J.P. Morgan holds a bearish-USD view for 2026 — see its Dec-2026 currency targets, conviction trades and macro scenarios, or compare against the live cross-firm consensus →

Overview Forecasts Trades Currencies Scenarios Technicals Volatility EM Strategy Macro Quant

Macro Quant

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

J.P. Morgan quantitative FX strategy signals and factor analysis

Factor Signals

Key insight

Next year is likely to be characterized by a low level of central bank activity. G10 and Global carry have been the best strategies during such periods.

Strategy	Weak-Equity Regime	Strong-Equity Regime
G10 Carry basket	+•.•%	+•.•%
USD-trend overlay	-•.•%	-•.•%
EM real-yield basket	+•.•%	+•.•%
Vol-targeted FX	+•.•%	+•.•%
Value reversion	-•.•%	-•.•%
Momentum composite	+•.•%	+•.•%

15 strategies · 6 dollar drivers · regime-conditional factor analysis

6 insights · 15 strategies · 0 dollar drivers behind the gate.

FX BANK FORECAST · COVERAGE

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