Yen volatility threshold is still too low to warrant MOF intervention - MUFG
USD/JPY has been a key focus in trading this week and all the while as oil prices ramp higher alongside bond yields, the currency pair is also gradually pushing up in hitting fresh 40-year highs. After some trepidation in May, it has been one-way traffic for the currency pair in
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 160.20 |
ING | Bullish | 152.00 |
Rabobank | Bullish | 145.00 |
All 23 desk targets for USD/JPY
Desk synthesis pending
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USD/JPY Consensus Check: Spot at 158.89, Median Target 156.0 — Week of August 24, 2026
USD/JPY trades at 158.89, roughly 1.86% above the 23-firm median Dec-26 target of 156.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.