USD/JPY consolidates around 153.60 amid divergence – BBH

FXStreetNov 5, 2025 12:22 PM

View all comments（0）



USD/JPY remains around 153.60 as Japan’s on-hold policy stance keeps the pair elevated despite yield-based valuation concerns, BBH FX analysts report.

Japan official flags overstretched Yen vs. US yields

"USD/JPY is directionless around 153.60. Japan Vice Finance Minister for International Affairs, Atsushi Mimura, highlighted that USD/JPY is trading above the level implied by US-Japan bond yield differentials. We agree."

"However, the Bank of Japan’s on-hold policy stance means this divergence is unlikely to close anytime soon. The swaps market continues to see 50% odds of a December 25bps rate hike to 0.75%, with a full 25bps move priced for January/March."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SoFi Technologies (SOFI) Stock Forecast: Small Business Loans, AI Trading, SpaceX Broker; What’s Next?

TradingKey - SoFi launched small-business loans, an AI trading platform, and a new ETF last week. It’s also in the SpaceX prospectus as a retail broker. At $18.74 in a symmetrical triangle, the $20.10 breakout level is the watch for the week ahead. Earnings July 29.

Western Digital (WDC) Stock Forecast: Melius Targets $1,050 After 84% Margin; Short Setup at $570

TradingKey - Melius Research targets $1,050 for Western Digital. Goldman raised to $650. Q4 earnings are July 29 with consensus EPS of $3.27, up 100%. At $569 in a descending channel, here’s what the bull and bear cases say.

Week Ahead: US June CPI, PPI Reports Arrive. US Stock Q2 Earnings Season Officially Kicks Off as JPMorgan, Netflix, TSMC Report

TradingKey - In the coming week, global markets will usher in the first true "super week" of the second half of the year. A dense release of key U.S. inflation and consumption data for June, including CPI, PPI, and retail sales, will directly influence expectations for the Federal Reserve's policy meeting at the end of July. Meanwhile, the second-quarter U.S. earnings season officially kicks off, with major banks led by JPMorgan Chase, Goldman Sachs, Citigroup, and Bank of America among the first to report. Tech giants such as ASML, TSMC, and Netflix will also release their results, providing the latest bellwether for the AI industry chain and the global technology sector.

Meta Stock Price Forecast: Heavy Upside Pressure on Stock Price, Can It Still Rise in the Second Half of 2026?

TradingKey - As of July 9 ET, Meta (META) was trading at $631.48, rising 4.7% for the day and reaching an intraday high of $633.27. While Meta's share price has reclaimed the $600 level, technical indicators still suggest the potential for further pullbacks.

NVIDIA (NVDA) Stock Price Forecast July 2026: Goldman Says 21.7x Is ‘Compelling’ After Kyber Delay Denied

TradingKey - NVDA denied a Kyber rack-scale delay report and shares rose 1%. Goldman calls 21.7x forward P/E ‘compelling.’ At $198 with a short setup, here’s what both sides are seeing.

Featured Tools