USD/JPY trades flat at 158.00 as Governor Ueda offers no hawkish surprises, leaving investors to weigh a 25% chance of an October rate hike.
BoJ Governor Ueda's speech provided no new hawkish signals, leaving USD/JPY flat around 158.00 with market pricing a 25% chance of an October hike.
The USD/JPY pair remains range-bound near 158.00 following Bank of Japan Governor Ueda's latest address. Markets are currently pricing in a 25% probability of a rate hike during the central bank's upcoming October 29-30 policy meeting.
Interest rate futures currently price in approximately a 25% chance of a rate hike at the Bank of Japan's meeting scheduled for October 29-30.