Daiwa sees BOJ June hike as bid to avoid falling behind the curve
The Daiwa note frames the June BOJ decision as less about economic overheating and more about the institutional credibility cost of inaction, a framing that has direct implications for JGB pricing and yen dynamics. If markets accept that the BOJ is staying ahead of the curve, Dai
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bullish | 149.00 |
Scotiabank | Bullish | 140.00 |
UOB | Bearish | 158.40 |
All 21 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY at 158.86: Consensus Targets 152, Dispersion Spans 25.5 Figures
USD/JPY trades 4.51% above the 23-firm Dec-26 consensus of 152.0, with a 25.5-figure dispersion signalling deep disagreement on the BoJ-Fed spread.
USD/JPY Consensus Check: Spot at 157.83, Median Target 152.0 — Week of September 23, 2026
USD/JPY trades 3.83% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY Consensus Check: Spot at 157.39, Median Target 152.0 — Week of September 22, 2026
USD/JPY trades 3.55% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.