Japan spent ¥11.7 trillion on foreign exchange interventions in the past month
That's a whopping figure as it is roughly equivalent to $73.4 billion in dollar terms. When compared with the previous intervention moves in 2022 and 2024, the size of this one beats out any of the singular period during those years. The total spent on interventions in 2024 is st
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Goldman Sachs | Bearish | 165.00 |
MUFG | Bullish | 152.00 |
J.P. Morgan | Bullish | 142.00 |
All 23 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY Consensus Check: Spot at 155.88, Median Target 152.0 — Week of September 7, 2026
USD/JPY trades 2.55% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY Consensus Check: Spot at 156.25, Dec-26 Target 152.0 — Week of September 6, 2026
USD/JPY trades at 156.25, roughly 2.80% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY Consensus Check: 156.25 Spot vs 152.0 Target, Week of September 5, 2026
USD/JPY trades 2.80% above the 23-firm Dec-26 consensus of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread trajectory.