Kshitij Dollar-Yen Forecast

Dollar-Yen Forecast

Overview
The Kshitij Dollar-Yen Report takes into consideration the impact of various variables across different asset classes both Technical and Fundamental to give a comprehensive macro view for the next 1-3 quarters.

Following are few of the charts we analyze in these Reports:

Technical Price Charts of Dollar-Yen, and Nikkei
Price movements in major commodities
Price charts of Bond yields, yield differentials
Fundamental and macro-economic factors
Kshitij.com’s Dollar-Yen forecast has been ranked no. 5 worldwide by Bloomberg for quarter ended December 2025. We had earlier ranked #9 for Dollar-Yen forecast in October-24.

January ' 26 Yen Report

In our 10-Dec-25 report (USDJPY 156.70), we expected the USDJPY to trade within 154-158 region till Jan’26 before eventually rising in the long run. In line with our view, the pair limited the downside to 154.39 and continued to hold the 154-158 range so far. The BoJ raised its interest rate by 25 bps on 19-Dec, bringing it up to 0.75% from 0.50%, while the US Fed reduced the Fed Rate further by 25bp to 3.75% on 10-Dec.

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December ' 25 Yen Report

In our 11-Nov-25 report (USDJPY 154.10), we expected the USDJPY to initially decline towards 150 before eventually rising towards 158-160 in the long run. However, the pair limited the downside to 153.62 and rose sharply to the high of 157.90 on 20-Nov, much sooner than expected before coming down.

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November ' 25 Yen Report

In our 08-Oct-25 report (USDJPY 152.68), we expected the USDJPY to initially rise to 154-155 in the near term followed by a fall to 149.50 in Nov-25 before eventually resuming its uptrend towards 158 in the long run. In line with our view, USDJPY tested the high of 154.50 so far. BOJ kept the interest rates unchanged at 0.50% in its 30 Oct-25 meeting.

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October ' 25 Yen Report

In our 12-Sep-25 report (USDJPY 147.96), we expected the USDJPY to limit the downside to 144 and ascend towards 155-158 in the coming months. In line with our view, USDJPY limited the downside to 145.59 (17-Sep-25) and has observed the high of 153 so far. Sanae Takaichi who supports looser fiscal and monetary policy, won as Japan’s first female Prime Minister on 04-Oct-25. BOJ kept the interest rates unchanged at 0.50% in its Oct-25 meeting.

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For subscribers in India
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For subscribers elsewhere

September ' 25 Yen Report

In our 08-Aug-25 report (USDJPY 147.24), we expected the USDJPY to initially fall to 145-144, followed by a consolidation between 144-152 till Feb-26 before eventually ascending towards 155. In actuality, the pair limited the downside to 146.22 and remained ranged within 146-149 region for the entire month. Prime Minister Shigeru Ishiba resigned on 07-Sep after losing majority in both houses of the parliament.

January '26 Dollar Rupee Quarterly Forecast

WHAT'S NEW?

Jan '26 Quarterly Forecast

Our January '26 Dollar Rupee Quarterly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.

WHAT'S NEW?

Jan'26 EURUSD Report

Brent and EU Inflation has been low in the last few months. If both the EU Inflation and Brent see a gradual rise in 2026, the upside could be ...Read More

WHAT'S NEW?

Jan'26 USDJPY Report

WHAT'S NEW?

Jan'26 GOI Report

In our 04-Dec-25 report (10Yr GOI 6.54%) we conceded that RBI may cut the Repo due to the unexpectedly sharp fall in the Oct-25 CPI to 0.25%. The RBI then indeed ... Read More

WHAT'S NEW?

Jan'26 Crude Oil Report

Crude prices have been steady and tilted to the downside over the last few months. Hovering near $60, can it gradually move up towards $70? Or could there be room for more fall towards $55/50? ... Read More

WHAT'S NEW?

Jan '26 US Treasury Report

As expected in our last report (09-Dec-25, UST10Yr 4.16%) the US Fed indeed reduced the Fed Rate further by 25bp to 3.75%. We had also said that we expect another .... Read More

TESTIMONIALS