BOJ chief to deliver key speech as pressure mounts for June rate hike | Metals Mine

  • BOJ chief to deliver key speech as pressure mounts for June rate hike

    From channelnewsasia.com

    Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy. The speech, due at 0830 GMT, is in focus as a potential signal from Ueda that could reinforce prevailing market expectations that the BOJ will raise short-term rates to 1 per cent from 0.75 per cent at a policy meeting on June 15 and 16. Ueda faces a tricky balancing act. Failing to pre-commit to a June hike may further weaken the yen, which breached the key 160-per-dollar ... (full story)

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ZforexCM
Jun 3, 2026 2:47am
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The yen weakened toward 160 per dollar, bringing a closely watched intervention level back into focus.

The move prompted renewed warnings from Finance Minister Satsuki Katayama, who reiterated that authorities remain prepared to respond if currency fluctuations become excessive.

Initial resistance stands at 159.95, while the first support is located at 159.00.

R1: 159.95S1: 159.00
R2: 160.50S2: 158.30
R3: 161.20S3: 157.50
Attached Image (click to enlarge)
Click to Enlarge Name: yen-nears-160-intervention-line-6349.png Size: 41 KB
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nick026
Jun 3, 2026 3:07am
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where to watch this event live
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