BOJ’s Kazuo Ueda pledges policy guidance aimed at stable inflation accompanied by wage growth | Metals Mine

  • BOJ’s Kazuo Ueda pledges policy guidance aimed at stable inflation accompanied by wage growth

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ZforexCM
Mar 24, 2026 2:43am
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The yen weakened past 158.5 per dollar as rising oil prices and geopolitical tensions continued to pressure Japan’s currency. Governor Kazuo Ueda reiterated that policy will remain focused on achieving stable inflation supported by wage growth, signaling no urgency for immediate tightening.

With softer domestic inflation reducing pressure on the BOJ, markets remain driven by external factors. Elevated energy costs and uncertainty around the Iran conflict are weighing on Japan’s trade outlook, limiting any sustained recovery in the yen.


Technically, resistance stands near 159.20, while support is firm at 158.20.
R1: 159.20 | S1: 158.20
R2: 159.80 | S2: 157.60
R3: 160.50 | S3: 156.70
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Trader#052A
Mar 24, 2026 2:30am
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It seems to me that BoJ is working really hard to stay between these two lines: to not completely destroy JPY and to not cause the end of the carry trade which would hurt the global economy.

So, by pledging (in that sense), BoJ will remain between these two lines.

After all, it is the Fed that the market is waiting for, rather for the Fed to continue to cut rates.
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