USD Performance: The US Dollar weakened despite stronger jobless claims, with a brief rally following Trump's announcement about Greenland, but bearish pressure remains due to lack of significant catalysts and focus shifting to US data and Fed interest rate outlook for 2026.
JPY and BoJ Update: The Bank of Japan maintained interest rates and slightly upgraded growth and inflation forecasts, with Governor Ueda indicating potential rate hikes depending on economic data, particularly in April.
USD/JPY Technical Analysis: The USD/JPY pair briefly crossed the 159.00 level before a suspected intervention caused a sharp decline, suggesting limited short-term upside and potential for a correction towards the 154.50 support.
Market Range Expectations: Current analysis indicates that USD/JPY may remain in a range, with 157.40 as minor support and 159.00 as resistance, until a strong catalyst triggers a breakout.
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
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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.
