Yen Holds Near 160 Against Dollar After BOJ Governor Ueda Speaks

YEN HOLDS NEAR 160 AGAINST DOLLAR AFTER BOJ GOVERNOR UEDA SPEAKS

The Japanese yen steadied near the 160 level against the US dollar following comments from Bank of Japan Governor Kazuo Ueda that signaled a rate hike this month is possible but not guaranteed. Traders have been closely watching the 160 threshold, a level historically associated with intervention risk from Japanese authorities.

What analysts are saying: Markets remain on edge as ambiguity around BOJ timing keeps the yen vulnerable to further weakness, with any delay in rate action potentially pushing USD/JPY higher and increasing pressure on Japanese policymakers to defend the currency.

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