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22 investment banks see USD/JPY at 148.94 by Dec 2026

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INVESTINGLIVEGiuseppe Dellamotta

Intervention risks weigh on momentum as USD/JPY approaches the highest level since 1986

FUNDAMENTAL OVERVIEW USD: The US dollar continues to be supported following the hawkish Fed dot plot last week as the central bank’s tightening bias led to a hawkish repricing in interest rate expectations. As a reminder, the Fed delivered a hawkish surprise by projecting a rate

USD/JPY — All Desk Targets

22 desks
FirmStanceYE 2026
UOB
160.75
Citi
155.00
UBS
150.00

All 22 desk targets for USD/JPY

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Desk synthesis pending

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