USD/JPY has ticked a little lower – we had Kato and Ueda speaking

Bank of Japan Governor Ueda and Japan finance minister Kato comments here:

• Bank of Japan Governor Ueda says tariff negotiations means outlook remains uncertain
• Japan finance minister Kato – Will closely monitor bond market situations

The dribble lower for USD/JPY matched up with the timing but I don’t see too much of note in the remarks. If anything, Ueda’s comments on JGBs are likely bearish yen at the margin. Given the big move overnight though, priced in is apt:

This article was written by Eamonn Sheridan at www.forexlive.com.