USD/JPY flows: Ueda No Comment

While BoJ Governor Ueda has "no comment" on declining market expectations for April rate hike, his take on oil spike effect seems to indicate their forecast on growth may change. However, our call for a hike in the April meeting fits in non-aggressive tightening type as we only see one hike for 2026.

USD/JPY is trading 0.18% higher at 159.40.