SOCGEN analysts say Japanese authorities may intervene further to support the yen, but a sustained rebound requires an improved growth outlook. Japan still holds roughly $1.3 tln in FX reserves to defend the currency, though weak growth expectations

2026-07-06

SOCGEN analysts say Japanese authorities may intervene further to support the yen, but a sustained rebound requires an improved growth outlook. Japan still holds roughly $1.3 tln in FX reserves to defend the currency, though weak growth expectations should limit yen upside. SOCGEN notes the sharp equity rally could signal an economic turnaround. Forecasts: USD/JPY 157 by year-end, 154 by Q2 2027.