Meridian FX Strategy FX Research — Bank Coverage Hub
Coverage overview
Welcome to the Meridian FX Strategy page on FX Bank Forecast, where we aggregate and normalize foreign exchange research from 18 leading institutional desks, including JPMorgan, Goldman Sachs, and Bank of America. This platform provides a comprehensive overview of FX strategies and insights from top financial institutions, helping you stay informed about market trends and analysis.
Here, you can access a variety of research materials, including reports and commentary from banks such as HSBC, UBS, and Citi, among others. Our aim is to present a clear and accessible summary of the latest FX strategies, enabling readers to make informed decisions based on expert analysis.
Closest match in our coverage
BRL to appreciate modestly on high carry and improving primary balance, but October elections create volatility. Prefer options-based exposure. USD/BRL to reach 5.10 if reform agenda holds.
Bullish MXN on carry, nearshoring flows, and USMCA resolution expectations. Positioning is clean after 2025 washout. Banxico's measured easing pace preserves carry advantage. MXN 13% YTD gain not overextended vs EM peers.
Top FX desks we track
INR supported by RBI reserve accumulation slowing and improving portfolio flows. India's growth premium vs EM peers provides fundamental support, though low beta limits upside.
INR steady with RBI support. Low beta limits upside but provides defensive positioning. Targeting 86.50.
BNP Paribas forecasts EUR/USD at 1.21 by Q4 2026 (5.2% higher vs current 1.15). Consistent with the report's broader thesis: "Gradual USD depreciation in an Expansion regime; EUR and high-yield EM lead, Asia FX lags". Bullish stance on EUR
Citi forecasts USD/MXN at 19.2 by Q4 2026 (4.3% lower vs current 18.4). Consistent with the report's broader thesis: "Out-of-consensus bullish USD; cyclical re-acceleration drives a stronger dollar through H1, fading into year-end". Bearish
Commerzbank forecasts AUD/USD at 0.71 by Q4 2026 (7.6% higher vs current 0.66). Consistent with the report's broader thesis: "USD under pressure on excessive Fed cuts and Fed independence concerns; EUR overvalued but USD overvaluation great
INR supported by improving portfolio flows and RBI policy shift. India growth premium provides fundamental support. Targeting 85.00.
Bullish MXN on carry, nearshoring flows, and USMCA resolution expectations. Positioning is clean after 2025 washout. Banxico's measured easing pace preserves carry advantage. MXN 13% YTD gain not overextended vs EM peers.
Latest bank commentary
Philip R. Lane: Europe and the world economy
· ecb-press· May 22, 2026SPEECH Europe and the world economy Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Asian Monetary Policy Forum Singapore, 22 May 2026 Introduction It is an honour to be invited to contribute to the Asian Monetary Policy Forum. My topic today is
(Research Paper) How Do Floods Affect Banks' Financial Conditions? Evidence from Japan
· boj-whatsnew· May 22, 2026How Do Floods Affect Banks' Financial Conditions? Evidence from Japan May 22, 2026 Kakuho Furukawa *1 Komei Suzuki *2 Full Text [PDF 646KB] Abstract This paper investigates the impact of flood disasters on banks' financial conditions. Using granular, municipality-level data from
(Research Paper) Beyond the Floodplain: Uncovering the Spatial Spillovers of Land Price Declines after Typhoon Hagibis
· boj-whatsnew· May 22, 2026Beyond the Floodplain: Uncovering the Spatial Spillovers of Land Price Declines after Typhoon Hagibis May 22, 2026 Toshitaka Maruyama *1 Fumitaka Nakamura *2 Hiroaki Shirai *3 Nao Sudo *4 Full Text [PDF 7,138KB] Abstract We examine how changes in flood-risk perception influence l
Bank of Japan Accounts (May 20)
· boj-whatsnew· May 22, 2026Bank of Japan Accounts (May 20, 2026) May 22, 2026 Bank of Japan Assets (thousand yen) Gold 441,253,409 Cash 1 431,170,171 Japanese government securities 531,835,781,598 Corporate bonds 2 1,958,202,726 Pecuniary trusts (index-linked exchange-traded funds held as trust property) 3
PBOC is expected to set the USD/CNY reference rate at 6.7992 – Reuters estimate
· investinglive-cb· May 22, 2026The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under whic
Japan core inflation hits four-year low in April but war-driven rebound seen ahead
· investinglive-cb· May 21, 2026Japan's core CPI rose just 1.4% in April, a four-year low driven by government subsidies, but analysts warn the Iran war will push inflation sharply higher in coming months Summary: Japan's core CPI, excluding fresh food, rose 1.4% year-on-year in April, the slowest pace since Ma
Frequently asked questions
- What is the Meridian FX Strategy page?
- The Meridian FX Strategy page aggregates and normalizes foreign exchange research from 18 major banks, providing insights and strategies for FX trading.
- Which banks are included in the FX research coverage?
- The coverage includes prominent banks such as JPMorgan, Goldman Sachs, Bank of America, HSBC, and many others.
- How can I use the information on this page?
- You can use the aggregated research and insights to understand market trends, develop trading strategies, and make informed decisions in the foreign exchange market.
- Are there any recent reports available?
- Yes, the page features recent reports and commentary from various banks, providing up-to-date analysis on FX strategies and market conditions.
- Is the information on this page reliable?
- The information is sourced from reputable institutional desks, ensuring that the insights and strategies presented are based on expert analysis and research.
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.