The yen weakens further after Bank of Japan Governor Ueda highlights inflation concerns without signaling imminent rate hikes.
The USD/JPY pair rose to 159.19, extending the yen’s decline to near one-month lows. The move follows comments from Bank of Japan Governor Kazuo Ueda, who warned of rising inflation risks but offered no clear guidance on potential rate adjustments at the next policy meeting.
The yen has struggled against the dollar amid broader strength in the USD and uncertainty over the BoJ’s monetary policy trajectory. Earlier this month, the pair hovered around 158.50, reflecting persistent pressure on the Japanese currency.
Markets remain cautious as investors parse Ueda’s remarks for hints on future policy shifts, with no immediate reaction in bond or equity markets reported.