Published: 2025-01-15T05:08:32.000Z
USD/JPY flows: Ueda brewing hope
FX Analyst
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BoJ Gov Ueda says will raise rates if improvement in economy & price conditions continues
BoJ's governor Ueda is once again brewing hope for a rate hike with his remarks on will raise rates if improvement in economy & price conditions continues and being positive about wage. However, we have been here before and whether Ueda is brewing false hope again will only be known when we hear "leaks" a day before the BoJ meeting.
So far, market participants are buying the story and see USD/JPY lower 0.26% at 157.52.