Intervention fears are capping the USD/JPY upside as traders await the key US data
FUNDAMENTAL OVERVIEW USD: The US dollar has been supported since the last FOMC decision as the more hawkish than expected dot plot led to a quick repricing in interest rate expectations with traders increasing rate hike probabilities. There is now 32 bps of tightening priced in b
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Citi | — | 153.00 |
MUFG | — | 146.00 |
UOB | — | 160.75 |
All 22 desk targets for USD/JPY
Desk synthesis pending
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