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
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | — | 160.75 |
Citi | — | 155.00 |
UBS | — | 150.00 |
All 22 desk targets for USD/JPY
Desk synthesis pending
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