Sources: BoJ could raise rates again at September 17-18 meeting
This report adds a further layer of support to the yen thesis that has been building across recent coverage, where market participants including MUFG and Goldman Sachs have argued that genuine, lasting yen strength depends on the BoJ actually delivering further tightening rather
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
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.
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Sources & References
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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.