FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 37 institutional desks. No promotion.
Nomura Forecast: Overvalued Dollar Set To Weaken Further, End-2026 USD/JPY Forecast 130 Exchange Rates Org UK
| Firm | Stance | YE 2026 |
|---|---|---|
| Bullish |
| 148.00 |
UBS | Bearish | 160.00 |
UOB | Bearish | 160.55 |
All 23 desk targets for USD/JPY
Desk synthesis pending
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How we cover this story
USD/JPY trades at 157.07, roughly 3.3% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ rate path.
USD/JPY trades at 156.89, 3.22% above the 23-firm Dec-26 median of 152.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY trades 3.22% above the 23-firm Dec-26 median of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
23 investment banks see USD/JPY at 153.77 by Dec 2026
View the live USD/JPY forecast