USD/JPY makes a quick move lower. Eyes on intervention.
USD/JPY make a quick move lower after touching a session high. The pair briefly traded above 161.90 only to plunge promptly to 161.20. The dip has been bought though, with the pair back up to 161.65. Japanese officials have repeatedly warned that they're watching markets closely.
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | — | 160.75 |
Citi | — | 155.00 |
UBS | — | 150.00 |
All 22 desk targets for USD/JPY
Desk synthesis pending
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