USD/JPY extends gains as focus turns to Fed Chair Warsh's speech
FUNDAMENTAL OVERVIEW USD: The US dollar has been mixed in the last couple of days, with traders likely taking profits and hedging ahead of today’s Fed Chair Warsh speech at Jackson Hole. He’s not expected to give forward guidance, but what traders will be more focused on is wheth
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Morgan Stanley | Bullish | 140.00 |
UOB | Bearish | 159.80 |
ING | Bullish | 152.00 |
All 23 desk targets for USD/JPY
Desk synthesis pending
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Cross-firm research
USD/JPY at 159.40: Consensus Targets 156.0 With a 25.5-Point Spread
USD/JPY trades 2.18% above the 23-firm Dec-26 consensus of 156.0, with a 25.5-point dispersion reflecting sharply divergent BoJ and US yield assumptions.
USD/JPY Consensus Check: Spot at 159.27, Median Target 156.0 — Week of August 27, 2026
USD/JPY trades 2.1% above the 23-firm median Dec-26 target of 156.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ rate path.
USD/JPY Consensus Check: Spot at 159.09, Target 156.0 — Week of August 26, 2026
USD/JPY trades at 159.09, nearly 2% above the 23-firm Dec-2026 consensus of 156.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.