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 Scenarios

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 EUR/USD scenario analysis and USD macro framework

EUR/USD Scenarios

Bull Case

Bull Case scenario

Base Case

Base Case scenario

Bear Case

Bear Case scenario

Scenario probabilities · rate paths · narrative commentary

5 EUR/USD scenarios · 6-cell USD macro matrix · fair value, Fed/ECB paths, and narrative unlock with Retail.

FX BANK FORECAST · COVERAGE

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