Bank of Japan 25bp rate hike to 1%, as widely expected
I'll have more to come on this separately. Background: BOJ set to hit 1% but vote split, bond taper pause and July signals are the real story JGBs steady, Nikkei eases from record high as BOJ rate decision looms Former BOJ economist Kameda says hike to 1% Daiwa sees BOJ June hike
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bullish | 148.00 |
UBS | Bearish | 160.00 |
UOB | Bearish | 160.55 |
All 23 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY Consensus Check: Spot at 157.07, Median Target 152 — Week of September 21, 2026
USD/JPY trades at 157.07, roughly 3.3% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ rate path.
USD/JPY Consensus Check: Spot at 156.89, Dec-26 Median 152.0 — Week of September 20, 2026
USD/JPY trades at 156.89, 3.22% above the 23-firm Dec-26 median of 152.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY Consensus Check: Spot at 156.89, Target 152.0 — Week of September 19, 2026
USD/JPY trades 3.22% above the 23-firm Dec-26 median of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.