Japan core inflation tops BoJ’s 2% target for first time since December, yen firms
The yen firmed after the data , with the stronger-than-expected core-core reading giving it modest support in a USD/JPY range that has held between roughly 157 and 159 for most of October. A sustained move lower in USD/JPY would likely need confirmation from the BoJ next week, wh
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bearish | 160.00 |
ING | Bullish | 152.00 |
Société Générale | Bearish | 160.00 |
All 24 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY at 156.76: Consensus Targets 153.0, Dispersion Hits 25.5
USD/JPY trades 2.46% above the 25-firm Dec-26 consensus of 153.0, with a 25.5-point dispersion reflecting deep disagreement on the BoJ rate path and US 10-year trajectory.
USD/JPY Consensus Check: Spot at 158.04, Median Target 153 — Week of October 21, 2026
USD/JPY trades 3.3% above the 25-firm median Dec-26 target of 153.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ path.
USD/JPY Consensus Check: Spot at 158.15, Median Target 153.0 — Week of October 20, 2026
USD/JPY trades 3.37% above the 25-firm median Dec-26 target of 153.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.