Usdjpy — Forecasts & Attribution

Analysis date: 2026-03-13

Price Attribution

PAT001

FieldValue
InstrumentUSD_JPY
Price159.368 JPY
CurrencyJPY
UnitJPY per USD
Timestamp2026-03-13T06:00:00Z
TriggerScheduled point-in-time snapshot
Trigger Ref-
idcomponentcategoryvaluepercentbasistrendconfidencereferences
PA001Fed-BoJ policy divergencefundamental-premium+39.8425%Core driver of USD/JPY; 275bp spread dominates carry trade flowsstablehigh-
PA002US yields elevatedfundamental-premium+31.8720%10Y at 4.27% feeds into carry trade calculationsstablehigh-
PA003Japan oil import shocksupply-disruption+28.6918%Acute negative terms of trade shock; 90% ME oil dependencyrisingmedium-
PA004MoF intervention riskrisk-premium-19.1212%At 159.38, within intervention zone (158-160); asymmetric downsiderisingmedium-
PA005Sticky US inflationfundamental-premium+15.9410%Core PCE at 3.0% keeps Fed on holdstablemedium-
PA006US labor market deteriorationfundamental-premium-12.758%NFP -92K is significant; growing risk of Fed pivotrisingmedium-
PA007Fed-BoJ spread narrowing potentialrisk-premium-6.374%Potential but not imminent; market not pricing near-term BoJ actionstablelow-
PA008BoJ hawkish dissent buildingrisk-premium-4.783%Takata dissent signals direction of travelrisinglow-

Residual: +86.06 JPY Validation: Components sum to 73.32 vs actual 159.37 (base value ~86 JPY implicit)

Price Forecasts

idinstrumentforecastDatetargetDatetargetTimeframecompositePricecompositeLowcompositeHighcompositeConfidencestatusactualCloseerrorerrorPercentreferences
PF001USD_JPY2026-03-132026-03-172-4 trading days160.15155163mediumactive---EV008,EV009,EV015
PF002USD_JPY2026-03-132026-03-271-2 weeks160.5155163mediumactive---EV008,EV003,EV015
PF003USD_JPY2026-03-132026-03-172-4 trading days160.15155.00163.00mediumactive---PAT001

PF001

trackmethodpredictedPricepredictedLowpredictedHighconfidenceweightreasoningreferences
fundamentalscenario-weighted159.5155163medium40Base 50% (158.50-161.00), Bull 25% (161-163), Bear 25% (155-157). Weighted = 159.50EV008,EV009
participantpositioning-flow161158163high30Institutional net-long in markup phase targeting 161-162; carry trade flows supporting; commercial hedgers provide floorPO001,PO003
patterntechnical-level160158162medium30Primary target 160 (psychological + intervention ceiling); ascending channel projects to 162 by late March-

PF002

trackmethodpredictedPricepredictedLowpredictedHighconfidenceweightreasoningreferences
fundamentalscenario-weighted159.75155163medium40Post-BoJ/FOMC March meetings; bias remains bullish if no intervention or hawkish BoJ surpriseEV008,EV003
participantpositioning-flow162157163medium30Institutional markup to 162 target; crowded positioning creates binary risk around eventsPO001,PO003
patterntechnical-level160.5158163medium30Ascending channel upper bound at 162; weekly range breakout projects to 163; support at 158-

PF003

trackmethodpredictedPricepredictedLowpredictedHighconfidenceweightreasoningreferences
fundamentalscenario-weighted159.50155.00163.00medium40Base scenario (50%): 158.50-161.00 midpoint = 159.75; Bull (25%): 162.00 mid; Bear (25%): 156.00 mid. Weighted = 0.50×159.75 + 0.25×162.00 + 0.25×156.00 = 159.50-
participantpositioning-flow161.00158.00163.00high30Institutional net-long with markup phase target at 161.00; slow-trending velocity supports sustained appreciation; commercial hedgers provide floor on dips-
patterntechnical-level160.00158.00162.00medium30Primary target: 160.00 (immediate resistance, psychological + intervention ceiling); secondary: 162.00 (ascending channel projection); bull flag measured move achieved (159.5)-

Composite Calculation:

Range:

Confidence Assessment: