Skip to content

22 investment banks see USD/JPY at 148.94 by Dec 2026

View the live USD/JPY forecast
← Commentary feed
BOJcentral bank

Semiannual Report on Currency and Monetary Control (Summary)

Semiannual Report on Currency and Monetary Control (Summary) Second Half of Fiscal 2025 (October 2025-March 2026) -- The semiannual report was submitted to the Diet in June 2026. The full report is available only in Japanese. Bank of Japan Economic Developments During the period

USD/JPY — All Desk Targets

22 desks
FirmStanceYE 2026
UOB
160.75
Citi
155.00
UBS
150.00

All 22 desk targets for USD/JPY

See the full USD/JPY consensus →

Desk synthesis pending

We’re writing the institutional analysis for this note — multi-section body, firm-by-firm alignment chips, key takeaways, market implications, risks. The synthesizer processes the queue hourly, with priority by citation density.

In the meantime, the most useful reads are the related coverage and primary source below — both reach the same substance from different angles.

Sources & References

How we cover this story

FX Bank Forecast aggregates and indexes public bank-research RSS, press releases, and FX commentary. Firm and pair tagging are heuristic — verify against the original source before trading. We do not endorse third-party content.

FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 20+ institutional desks. No promotion.