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USD/JPY lifts back above 150 on Ueda comments
The USD/JPY remained under pressure yesterday and that led to a US close at 149.64. That was its lowest daily close of the year to date. The dollar then fell further in early Asian trading, hitting a new 2025 low at 149.29. However, it was already on the rebound when comments from the Bank of Japan governor helped it to push even higher. Kazuo Ueda basically talked down the prospect of more BOJ rate hikes, adding that underlying inflation was still at or below the 2% target. The dollar lifted to a high at 150.74 following all these comments. It has taken the major Yen crosses higher with it, as one might expect. The USD/JPY is currently trading at 150.47
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