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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 35 institutional desks. No promotion.
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USD/JPY · BoJ Research
Research grouped under the USD/JPY · BoJ pillar — consensus, dispersion, and the gap to spot across firms. Every piece links back to the underlying firm reports.
- ·USD/JPY·5 min read·+5.65% gap383 reads
USD/JPY at 158.48: Consensus Targets 150.0 With 25.5-Point Dispersion
USD/JPY trades 5.65% above the 23-firm Dec-26 consensus of 150.0, with a 25.5-point spread separating Nomura's 165.5 from Scotiabank's 140.0.
usdjpy bojRead → - ·USD/JPY·4 min read·+5.16% gap
USD/JPY Consensus Check: Spot at 157.74, Dec-26 Median 150.0 — Week of August 6, 2026
USD/JPY trades 5.16% above the 23-firm Dec-2026 median of 150.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
usdjpy bojRead → - ·USD/JPY·5 min read·+5.12% gap
USD/JPY Consensus Check: Spot at 157.68, Dec-26 Target 150.0 — Week of August 4, 2026
USD/JPY trades at 157.68, roughly 5.1% above the 23-firm Dec-26 consensus of 150.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ rate path.
usdjpy bojRead → - ·USD/JPY·5 min read·+4.80% gap
USD/JPY Consensus Check: Spot at 157.20, Dec-26 Target 150.0 — Week of August 3, 2026
USD/JPY trades 4.8% above the 23-firm median Dec-26 target of 150.0, with a 25.5-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
usdjpy bojRead → - ·USD/JPY·5 min read·+4.96% gap4 reads
USD/JPY Consensus Check: Spot at 157.44, Dec-26 Median 150.0 — Week of August 2, 2026
USD/JPY trades at 157.44, nearly 5% above the 23-firm Dec-26 consensus of 150.0, as BoJ rate-path divergence keeps forecaster dispersion at 25.5 big figures.
usdjpy bojRead → - ·USD/JPY·5 min read·+4.96% gap1 reads
USD/JPY Consensus Check: Spot at 157.44, Dec-26 Target 150.0 — Week of August 1, 2026
USD/JPY trades 4.96% above the 23-firm Dec-26 consensus of 150.0, with a 25.5-point dispersion that signals deep disagreement on the BoJ-Fed spread trajectory.
usdjpy bojRead → - ·USD/JPY·5 min read·+6.71% gap1 reads
USD/JPY Consensus Check: Spot at 160.07, Median Target 150 — Week of July 31, 2026
USD/JPY trades at 160.07, roughly 6.7% above the 23-firm median Dec-26 target of 150.0, with a 25.5-point dispersion that reflects sharply divided BoJ and US rate views.
usdjpy bojRead → - ·USD/JPY·5 min read·+6.33% gap1 reads
USD/JPY Week of July 30, 2026: Spot at 159.50, Consensus at 150
USD/JPY trades 6.33% above the 23-firm Dec-26 median of 150.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
usdjpy bojRead → - ·USD/JPY·4 min read·+9.90% gap1 reads
USD/JPY Consensus Check: Spot at 163.75, Median Target 149.0 — Week of July 27, 2026
USD/JPY trades at 163.75, nearly 10% above the 23-firm Dec-2026 median of 149.0, with a 25-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
usdjpy bojRead → - ·USD/JPY·5 min read·+9.97% gap1 reads
USD/JPY Consensus Check: Spot at 163.85, Median Target 149.0 — Week of July 26, 2026
USD/JPY trades at 163.85, nearly 10% above the 23-firm median Dec-26 target of 149.0, with a 25-point dispersion signalling deep disagreement on the BoJ-Fed spread.
usdjpy bojRead → - ·USD/JPY·5 min read·+9.97% gap1 reads
USD/JPY Consensus Check: Spot at 163.85, Median Target 149.0 — Week of July 25, 2026
USD/JPY trades at 163.85, nearly 10% above the 23-firm median Dec-2026 target of 149.0, with a 25-point dispersion range signalling deep strategic disagreement.
usdjpy bojRead → - ·USD/JPY·5 min read·+9.92% gap
USD/JPY Consensus: 163.78 Spot vs 149.0 Target, Week of July 24, 2026
USD/JPY trades at 163.78, nearly 10% above the 23-firm median Dec-26 target of 149.0, with a 25-point dispersion signalling deep disagreement on the BoJ rate path.
usdjpy bojRead → - ·USD/JPY·5 min read·+9.46% gap
USD/JPY Consensus Check: Spot at 163.09, Median Target 149 — Week of July 22, 2026
USD/JPY trades at 163.09, roughly 9.5% above the 23-firm median Dec-26 target of 149, with a 25-figure dispersion splitting desks sharply on the BoJ rate path.
usdjpy bojRead → - ·USD/JPY·5 min read·+9.40% gap2 reads
USD/JPY Consensus Check: Spot at 163.0, Median Target 149.0 — Week of July 21, 2026
USD/JPY trades at 163.01, roughly 9.4% above the 23-firm median Dec-2026 target of 149.0, with a 25-point dispersion that reflects deep disagreement on the BoJ rate path.
usdjpy bojRead → - ·USD/JPY·4 min read·+9.00% gap
USD/JPY Consensus Check: Spot at 162.41, Median Target 149 — Week of July 19, 2026
USD/JPY trades at 162.41, roughly 9% above the 23-firm median Dec-2026 target of 149.0, with a 25-point dispersion separating the most and least bearish desks.
usdjpy bojRead → - ·USD/JPY·5 min read·+9.00% gap3 reads
USD/JPY Week of July 18, 2026: Spot at 162.41, Consensus at 149.0
USD/JPY trades at 162.41, roughly 9% above the 23-firm Dec-2026 consensus of 149.0, with a 25-point dispersion signalling deep disagreement on the BoJ-Fed spread path.
usdjpy bojRead → - ·USD/JPY·5 min read·+8.94% gap1 reads
USD/JPY Consensus Check: 162.31 Spot vs 149.0 Target, Week of July 14, 2026
USD/JPY trades at 162.31, nearly 9% above the 23-firm Dec-2026 median of 149.0, with a 25-point dispersion exposing deep disagreement on the BoJ-Fed spread.
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