US dollar sinks on shock contraction in jobs
The US non-farm payrolls report pointed to an economy significantly worse than believed. The data showed the economy shedding 23K jobs in July, far worse than +80K expected and below any estimates in the survey of economists. Worse yet, the prior two reports were revised lower by
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Scotiabank | Bullish | 140.00 |
Bank of America | Bullish | 149.00 |
UOB | Neutral | 163.50 |
All 23 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY Consensus Check: Spot at 158.31, Median Target 150 — Week of Aug 7, 2026
USD/JPY trades 5.54% above the 23-firm median Dec-26 target of 150.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY at 158.46: Consensus Targets 150 by Dec-2026
USD/JPY trades 5.64% above the 23-firm Dec-2026 consensus of 150.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
USD/JPY Consensus Check: Spot at 157.74, Dec-26 Median 150.0 — Week of August 6, 2026
USD/JPY trades 5.16% above the 23-firm Dec-2026 median of 150.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.