JPY Japanese Yen Loading... : Bullish and Bearish Analyst Opinions
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14:33
May 28
May 28
The tweet presents charts showing the trade-weighted real Japanese yen trading at its lowest level since 1971, but offers no personal position or forward call.
LOW
11:13
May 26
May 26
Short the Japanese yen
The Bank of Japan is refusing to raise rates despite inflation, keeping the neutral rate much higher than the policy rate. This gap makes shorting the yen a no-brainer trade, as carry works against the yen and investors are paid to go against it.
HIGH
09:04
May 20
May 20
Yen and sterling exposed to oil.
The Japanese yen and sterling are most sensitive to higher oil prices due to their energy import exposure, and both face additional domestic headwinds (UK political risks, Japanese fiscal expansion), making them vulnerable to further downside.
MED
07:58
May 18
May 18
Speaker discloses FX basket with explicit position 'Long Yen' — first-person currency long.
HIGH
13:02
May 16
May 16
Brad Setser argues the yen's weakness is manageable for Japan's Ministry of Finance due to ample reserves and interest income, downplaying risks of defending the 160 level.
HIGH
05:52
May 15
May 15
The author sarcastically dismisses a bullish call on cheap Asian currencies as a "widow maker trade," implying high risk of reversal despite the claimed trend start.
HIGH
12:11
May 11
May 11
The author sarcastically flags Asian FX as a potential widow maker trade while quoting a bullish thesis on the dollar savings pile shift, but hedges with "might" and sarcasm.
HIGH
11:41
May 07
May 07
Fade yen strength on intervention spikes; short yen/long USD/JPY as intervention effectiveness deteriorates and structural dollar demand overwhelms BOJ capacity.
HIGH
07:16
May 07
May 07
The author expresses uncertainty about the Japanese yen's direction, noting it could weaken below 130 or strengthen above 180, but highlights the government's ample reserves to intervene if desired.
HIGH
00:40
May 06
May 06
The author suggests Asian currencies are an imbalanced trade opportunity but uses hedged language and sarcasm, so no directional call is made.
HIGH
04:28
May 02
May 02
Brad Setser questions whether yen bears understand Japan's balance of payments and real exchange rate, noting the yen's recent range-bound trading as an impasse.
HIGH
20:51
May 01
May 01
Brad Setser argues Japan's MOF has ample reserves to defend 160 yen without issue, but a BoJ hike would strengthen the yen.
HIGH
06:53
May 01
May 01
Yen weak due to fundamentals.
The yen will remain weak because energy prices are high, negative growth keeps the BoJ cautious, rates are deeply negative, and intervention is not backed by a weak dollar environment, so any yen strength from intervention will be temporary.
MED
14:51
Apr 30
Apr 30
Long Yen based on historical Plaza Accord precedent, unfilled gaps, and completed H&S bottom pattern, indicating potential sustained upside against USD.
MED
14:20
Apr 30
Apr 30
Brad Setser notes the BoJ will hike if inflation persists and suggests Japanese institutional money may repatriate at current yen levels, impacting yen and long-end rates.
14:08
Apr 30
Apr 30
Brad Setser confirms Japan conducted yen-buying intervention, indicating official action beyond verbal warnings to support the currency.
14:05
Apr 30
Apr 30
Brad Setser argues that a rate hike is coming and long-end rate differentials have already shrunk, making yen weakness below 160 unlikely and shifting market risk-reward.
13:18
Apr 30
Apr 30
Brad Setser observes a likely yen purchase at 159.5, suggesting possible intervention or large positioning without expressing his own directional view.
11:11
Apr 30
Apr 30
Yen to weaken further due to low rates.
Japan's interest rates are too low and need to be higher, but the Bank of Japan is measured and does not want to cause volatility, so the yen will continue to depreciate. This makes short yen attractive as the currency is not going to like the policy stance.
MED
09:51
Apr 30
Apr 30
El-Erian notes that aggressive verbal intervention from Japanese authorities has pushed the yen back below 160, highlighting ongoing tension between policymakers and FX traders.
HIGH
13:58
Apr 25
Apr 25
Buy USD/JPY (short yen) as Japan’s extreme debt load and BOJ dominance cap rate hikes, forcing structural yen depreciation.
HIGH
04:09
Apr 20
Apr 20
BOJ likely to hike rates in April.
ING expects the Bank of Japan to hike interest rates in April, due to a closing output gap and inflation that remains sticky when excluding administrative subsidies. This is a change from previous expectations and is driven by economic indicators.
HIGH
07:54
Apr 16
Apr 16
Yen bullish if BOJ hikes, else problematic.
The yen's bullish thesis is challenged if the Bank of Japan doesn't hike rates, as growth and inflation are already cooked in, making it problematic for yen bulls.
LOW
21:25
Apr 10
Apr 10
Expect the Japanese Yen to appreciate against the USD as past interventions have set a floor and will eventually lead to a reversal that punishes USD buyers, though the catalyst requires more than just Ministry of Finance action.
MED
16:00
Apr 06
Apr 06
The structural flow of Japanese retail capital into US equities (especially AI stocks) creates persistent selling pressure on JPY, supporting a long USD/JPY position.
MED
21:20
Apr 02
Apr 02
Rogoff explicitly mentions the Japanese yen and Korean won are at "ridiculously low" values relative to the dollar and likely to revert to mean. Currencies significantly undervalued based on purchasing power parity tend to appreciate over time through reversion. Expect appreciation of these currencies against the dollar, making LONG positions favorable. Continued dollar strength or regional economic issues could delay reversion.
00:44
Apr 02
Apr 02
UBS strategists forecast USD/JPY to appreciate to 175 by year-end, driven by a scenario of extended oil disruption that overwhelms intervention rhetoric.
MED
01:59
Apr 01
Apr 01
Long JPY (short USD/JPY) as the currency pair has breached the key 160 level where Japan's Ministry of Finance has historically intervened to support the Yen.
MED
15:16
Mar 31
Mar 31
The author argues that volatility controllers are actively intervening to strengthen the Yen and weaken the US Dollar to manage systemic risk and buy time to resolve geopolitical issues.
MED
04:42
Mar 31
Mar 31
Expect USD/JPY to face downward pressure/selling as bullish momentum stalls below the key 160.00 level due to fears of Japanese FX intervention and a generally softer US dollar.
MED
About JPY Analyst Coverage
Buzzberg tracks JPY (Japanese Yen) across 26 sources. 21 bullish vs 10 bearish calls from 58 analysts. Sentiment: predominantly bullish (9%). 119 total trade ideas tracked.