USD Weakness: The US Dollar is weakening due to aggressive US policies and concerns over de-dollarisation, with potential for a relief rally if economic data improves or tensions de-escalate following Trump's speech at the World Economic Forum.
JPY Intervention: The Japanese Yen remains weak despite verbal interventions from officials, with rising long-term yields and expectations of unchanged interest rates from the BoJ, while inflation concerns may influence future policy.
USDJPY Technical Analysis: The USDJPY is consolidating below the 158.87 level, with buyers looking for support around 154.50 for potential rallies, while sellers are eyeing a break below this support for bearish opportunities.
Upcoming Economic Events: Key events include Trump's speech at Davos, the Fed's Cook hearing, US Jobless Claims figures, and Japan's CPI and BoJ policy decision, which could impact market movements.
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 33.214
Low
Averages
High
Current: 33.214
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
