USD/JPY Holds Near 160.50 as BoJ Governor Absence Seen Minimal
Markets price in a 25 bps BoJ rate hike to 1.00% with limited reaction to Governor Ueda’s temporary absence. USD/JPY remains steady around 160.50, just below its late-April high of 160.72, as traders fully price in a 25 bps Bank of Japan rate hike to 1.00%. The move follow