UBS raises USDJPY forecast, sees 148-150 as ceiling

UBS raises USDJPY forecast, sees 148-150 as ceiling

Source: EODHD - https://www.investing.com/news/forex-news/ubs-raises-usdjpy-forecast-sees-148150-as-ceiling-93CH-4212180
Published: Aug 27, 2025 4:39 AM

Investing.com -- UBS has slightly raised its USDJPY forecasts while maintaining a view that the currency pair will decline over the next 12 months. The bank now targets 142 for December 2025 (up from 140), 140 for March 2026 (up from 138), and 138 for June 2026 (up from 136), while introducing a new target of 136 for September 2026. According to UBS strategists Teck Leng Tan, Dominic Schnider, and Jessie Ren, the revised forecasts reflect a slower pace of yen appreciation due to a pro-risk global backdrop that favors yield-carry trades. The yen has underperformed other major currencies since mid-April, weakening by around 3% against the dollar while G10 currencies gained an average of 1%. Th...

Market context: This update is relevant to USD traders, with USDJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.