USD/JPY caught between intervention risk and Treasury yields as 160 caps upside - Credit Agricole
USD/JPY is starting the new week on the back foot again, and Credit Agricole thinks that traders may be getting increasingly comfortable with a familiar range. The bank argues that the pair has potentially settled back into the region of 155.00 to 160.00, after the fall earlier t
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
MUFG | Bullish | 152.00 |
UBS | Bearish | 160.00 |
Scotiabank | Bullish | 140.00 |
All 22 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY at 157.58: Consensus Targets 154.0 With a 25.5-Point Spread
Spot USD/JPY trades 2.33% above the 24-firm Dec-26 consensus of 154.0, with a 25.5-point dispersion that reflects deep disagreement on the BoJ rate path and US 10-year trajectory.
USD/JPY Consensus Check: Spot at 157.38, Target 154.0 — Week of September 30, 2026
USD/JPY trades 2.20% above the 24-firm Dec-26 consensus of 154.0, with a 25.5-point dispersion that reflects sharply divided BoJ and US rates views.
USD/JPY Consensus Check: Spot at 157.28, Median Target 154.0 — Week of September 29, 2026
USD/JPY trades 2.13% above the 24-firm median Dec-26 target of 154.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.