Bank of Japan Governor Ueda gives little clue on timing of rate hikes – data dependent

Bank of Japan Governor Ueda comments:

• virtuous cycle strengthened gradually last year
• plans to increase interest rates with continued economic improvements
• timing on adjustment is dependent on economy and inflation
• momentum for wage increases is key
• must be vigilant to various risks in deciding timing for adjusting degree of monetary support
• hopes that wage, prices increase at balanced pace in 2025

Japanese markets opened today for the first time in 2025.

The yen has lost some ground but USD/JPY has not pierced 158.00, yet at least:

This article was written by Eamonn Sheridan at www.forexlive.com.