Japan’s Katayama sees no gap with BOJ, says wage-driven inflation is near
Katayama’s comments may ease some of the political risk flagged in today’s Reuters poll, where most economists warned that dissent from government-nominated BOJ board members could weigh on the yen. Her description of an economy close to wage-driven inflation is language that sup
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 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.
USD/JPY Consensus Check: Spot at 158.10, Median Target 153.0 — Week of October 19, 2026
USD/JPY trades at 158.10, roughly 3.34% above the 25-firm median Dec-26 target of 153.0, with a 25.5-point dispersion that reflects deep disagreement on the BoJ rate path.