MUFG
FX targets via market commentary
LIVE9 June 2026USD bearish
MUFG 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 →
FX Volatility
MUFG volatility outlook, carry-to-vol analysis, and event risk
Carry-to-Vol Screen
Overview
Compressed by low central bank activity and benign macro · Expect gradual vol normalization as Fed eases and BoJ normalizes · Low (2-3 decile) for most of 2026
10 carry pairs · 7 FXO themes · 3 event risks
10 carry pairs · 7 FXO themes · 3 tracked events 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.