FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 37 institutional desks. No promotion.
The 7-2 vote split, with dissents from Toichiro Asada and Ayano Sato, confirms the board remains genuinely divided rather than unanimous in its resolve, which may temper how aggressively markets price the pace of further tightening beyond today's move. The statement's explicit fo
| 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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How we cover this story
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 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 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.
23 investment banks see USD/JPY at 153.77 by Dec 2026
View the live USD/JPY forecast