USD/JPY stays in focus after run to fresh 40-year high
There are many moving stories in markets this week but this is arguably the only one worth mentioning among major currencies. The dollar is starting to regain its strength on the week, backed by higher Treasury yields. 10-year yields in the US have nudged up to 4.63% with 2-year
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Citi | Bearish | 160.00 |
Crédit Agricole | Bullish | 156.00 |
J.P. Morgan | Bullish | 156.60 |
All 22 desk targets for USD/JPY
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Cross-firm research
USD/JPY Consensus Check: Spot at 157.67, Median Target 154.0 — Week of October 2, 2026
USD/JPY trades 2.39% 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.
USD/JPY Consensus Check: Spot at 158.15, Median Target 154.0 — Week of October 1, 2026
USD/JPY trades 2.69% 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.
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.