Security

JPY Research Reports & Market Analysis

Finvaulta tracks 27 research reports on JPY, updated through October 1, 2026. Latest: September and Q3 2026 Performance Review.

Institutional research on JPY covering foreign exchange, government bonds, commodities, and macro, from Scotiabank, Crédit Agricole CIB, Deutsche Bank, and Mizuho Securities. Finvaulta indexes each report with a summary, key figures and its original publication date.

Finvaulta is an independent research collection; views and forecasts belong to the named report issuers.

Latest research

September and Q3 2026 Performance Review

Deutsche Bank·Oct 1, 2026

Q3 2026 saw significant market crosscurrents as escalating US-Iran conflict drove Brent crude up +42.0%, reigniting inflation pressures and prompting rate hikes from the Fed, ECB, and BOJ. This caused a steep selloff in sovereign bonds, while resilient economic growth helped the S&P 500 post a +2.3% total return gain.

Compare with the previous edition (Sep 30, 2026)

The Road Ahead for Central Banks

Amundi Investment Institute·Sep 29, 2026

Amid a fragmenting global order and persistent inflationary supply shocks, the traditional model of recycling global savings into US Treasuries is unwinding. Major central banks are set to continue tightening policy to defend credibility, but by less than markets expect as fiscal and monetary policy become deeply intertwined.

BoJ: Changing Policy Landscape with Underlying CPI Rising Closer to 2% Leading to 25-bps Hike in December and, Potentially, Also in March

Natixis Corporate and Investment Banking·Sep 21, 2026

Following the Bank of Japan's 25-bps rate hike to 1.25% in September, Governor Ueda indicated a shortening of the tightening cycle due to underlying CPI nearing 2%. Natixis now forecasts consecutive 25-bps hikes in December and March, taking the policy rate to 1.75%.

The Week in Seven Charts: Bond Market vs US Treasury: Who Will Yield?

Syz Private Banking·Sep 14, 2026

The US 10-year Treasury yield has pushed above 4.85% despite ramped-up buyback efforts from the Treasury, as global fiscal and geopolitical pressures mount. Simultaneously, Japan's currency interventions are draining foreign reserves, European gas storage is severely depleted, and US equity market surface-level calm hides elevated fragility.

Macro Note

Deutsche Bank·Sep 3, 2026

Global growth remains exceptionally resilient due to dual engines of private AI capex and public investment in strategic autonomy, sustaining the outperformance of FX carry trades. Meanwhile, foreign capital flows into the US have shifted decisively from bonds to equities, and appreciating Asian currencies like KRW and CNY leave the Japanese Yen as the key global outlier.

Fixed Income in Focus: Keep Calm and Carry On Diversifying

MFS Investment Management·Sep 1, 2026

Global fixed income is entering a complex era marked by capital scarcity, central bank policy divergence, and the heavy financing demands of AI infrastructure. Investors should navigate elevated yields by emphasizing relative-value curve positioning, defensive carry, and disciplined credit selection.

Selected research

Selected for relevance; publication dates show when each report was written.

Mind on the Market

State Street Investment Management·Aug 13, 2026

State Street highlights Japan's emergence as an investable multi-asset market across equities, government bonds, and the yen as reflation and BOJ normalization take hold. The expansion of AI into robotics and automation directly benefits Japan's industrial base while rising JGB yields and unwinding FX hedges provide structural support.

Yen Intervention Boj Hike And Carry Trade Risk

TS Lombard·Jul 30, 2026

The Japanese Ministry of Finance appears to be intervening in currency markets following a dovish Fed stance. TS Lombard expects the BoJ to accelerate its rate hike schedule to combat inflationary pressures.

Japan Reluctance to Issue JGBs and Premature Rate Hikes

Crédit Agricole CIB·May 29, 2026

The report argues that Japan should abandon fiscal austerity and the 60-year JGB redemption rule to fund strategic growth investments. It warns that premature interest rate hikes by the Bank of Japan could stifle a nascent capex cycle and damage national strength.

Japan Stronger Than Expected GDP Supports June BOJ Rate Hike

ING·May 19, 2026

Japan's economy expanded 0.5% QoQ in 1Q26, beating expectations and providing the Bank of Japan with the necessary justification to proceed with a 25bp rate hike in June.