Yen support looks fragile; Tokyo opts for passive strategy, missed chance to press intervention advantage
A Reuters analyst argues that Japan's failure to follow through on its recent joint intervention, particularly by not amplifying Friday's dollar weakness after the soft US jobs data, signals a passive rather than active strategy aimed at merely slowing the dollar's advance rather
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.